Results 13,161-13,180 of 35,788 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: I never want to defend a debt-collection agency. However, in fairness Cabot is acting under instructions from Promontoria Scariff, an entity only established for the purchase of these loan books. It has instructions to appoint fixed-charge receivers. I am aware of a case of multiple properties in positive equity and there is no problem in selling those properties, but Promontoria Scariff...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: The same people then say, "Pay your arrears in 30 days or we are taking your home."

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: It is the borrower.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: In fairness separate legislation, which we have also published, with the Focus Ireland amendment would deal with that. I wish to put three questions together. Some other solutions are out there. I questioned the Central Bank and AIB, for example, about sales to non-profit organisations rather than to vultures at a discount. We now know of 52% across the €24 billion portfolio that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: Fair enough.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: Part V was another good example of limiting the right to private property in terms of legislation passed by the House but it has also stood the test.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: Very good. That is interesting. I am not shy when it comes to criticising the banks when they need to be called out. It is worth acknowledging, however, that AIB has led in a number of areas, including the arrangement it entered into with IMHO a number of years ago. Other banks have followed its lead. AIB was the first bank to talk about debt write-downs for borrowers, which other banks...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: I ask Mr. Hall to talk about the significance of the Pepper letter and the offer of €236,000. Was that made from iCare in order to purchase the home on a mortgage-to-rent basis? Pepper rejected the offer. What was the significance of the sum offered by iCare and the rejection of that offer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: I welcome anything that is helpful to scrutinise this Bill further. My views are well known. I want to ensure that this gets through as speedily as possible, but with the proper views having been heard. We have sought the views of many others who have given us written submissions. I am eager to do that, if it can be arranged as soon as possible. We need to draw a line.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: The Chairman has in mind a looser engagement here as opposed to structured questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: We would observe more than engage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)

Pearse Doherty: Yes.

Ceisteanna Eile - Other Questions: Mortgage Arrears Proposals (17 Apr 2019)

Pearse Doherty: What about Cabot Ireland and the thousands of people who are going to be evicted?

Ceisteanna Eile - Other Questions: Tax Code (17 Apr 2019)

Pearse Doherty: I want to focus on one issue of tax forgoing, which is vulture funds in the State buying up billions of euro of assets in the form of individual mortgages and business loans and putting them in structures which are tax-exempt. The Minister is well aware that the vultures are setting up special purpose vehicles under section 110 which means that they pay no tax on the multi-billion euro...

Ceisteanna Eile - Other Questions: Mortgage Arrears Proposals (17 Apr 2019)

Pearse Doherty: The Minister obviously does not know what is happening under his nose. Ulster Bank sold a portfolio of more than 2,000 buy-to-lets to Promontoria Scariff. Cabot is administering them. It is appointing a receiver to all of those properties. It is telling them to clear the arrears within 30 days or a fixed asset receiver will be appointed. That means they are taking the asset whether there...

Ceisteanna Eile - Other Questions: Insurance Industry (17 Apr 2019)

Pearse Doherty: This issue highlights the battle with the insurance industry. This is something that should be have been dealt with and should never have had to emerge in a report. That report has been in existence for two and a half years. This is about transparency. We will have the industry representatives before us again. One would swear butter would not melt in their mouths when they are sitting...

Ceisteanna Eile - Other Questions: Insurance Industry (17 Apr 2019)

Pearse Doherty: Sorry, a six-week window. This means that it is unlikely the legislation will be before the committee prior to the summer recess. I am very disappointed with that because I thought we would be dealing with it straight after Easter.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (17 Apr 2019)

Pearse Doherty: 39. To ask the Minister for Finance the extent to which transparency has been introduced into insurance, pricing motor and business; when the price of business insurance will be readily measurable; and if he will make a statement on the matter. [18015/19]

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (17 Apr 2019)

Pearse Doherty: The original report of the Joint Committee on Finance, Public Expenditure and Reform focused relentlessly on transparency as a key issue to address in the crisis that we face with many businesses and individuals facing high insurance premiums, yet two and a half years on we hear from individuals, consumers and advocate groups that there is now less transparency in the system not more. A good...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (17 Apr 2019)

Pearse Doherty: We all hear the anger among small businesses, be they grocers, soft play areas, pubs and retail outlets, at the dramatic increase they face in insurance costs. The committee heard that at first hand. In some cases over a short period premiums have increased by 1,000%. In spite of that, there is no measurement in the State to measure the increase in insurance on small businesses. The...