Dáil debates

Tuesday, 9 May 2023

An tOrd Gnó - Order of Business

 

4:00 pm

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

As interest rates continue to rise and borrowers are coming under very severe pressure, it is very noticeable that the net margins of banks are also growing significantly. Yesterday the stock value of one Irish bank rose by just 4% in just a day. Would it be timely for the Government to review consumer protections and to sit down with the Central Bank, the Financial Services and Pensions Ombudsman and the Competition and Consumer Protection Commission to review consumer protection in financial services?

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