Results 21,781-21,800 of 23,109 for speaker:Paddy Burke

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: The statement provided to the committee indicates that the Competition and Consumer Protection Commission, CCPC, firmly believes that for consumers to be adequately protected in the sector there must be strong legislation, vigorous enforcement and well-informed customers. Do Ms Goggin and Mr. O'Leary believe the legislation is not strong enough? Mr. O'Leary stated that the European...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Mr. O'Leary is saying the CCPC is a one-stop shop that will direct consumers to the Central Bank or the Financial Services Ombudsman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: There is a duplication of services. The CCPC investigates certain matters, as does the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: In regard to Mr. Deering's office, does the ombudsman make the final decision or is it a collective decision?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: I am not asking Mr. Deering to refer specifically to his predecessor but did the same system operate at that time? Mr. Deering's predecessor made some very poor decisions relating to very vulnerable people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: All of the information is brought in and evaluated and-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: It could be a person other than the ombudsman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Some decisions may not have been made by Mr. Deering's predecessor but, rather, by another employee in the office of the ombudsman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Such decision-making staff may have been responsible for some of the regrettable decisions that were made.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: At one stage, consumers had lost confidence in the Office of the Financial Services Ombudsman and I compliment Mr. Deering on restoring it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Mr. Deering clarified something I did not know existed. He said that there is a €3 million-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Is it turnover? Or the value of the property?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Yes, they do. However, some of their turnover may be less than €3 million but the value of the property may over €3 million. Does that matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: It is strictly on turnover.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Does it matter if it is a group of individuals who are together or a company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: The combined turnover?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: If people did not realise that and felt that they were statute barred, is that lifted now? Could they go back?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Even if it was business.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Can this be applied as far back as is necessary?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: The Financial Services Ombudsman Bureau cannot go beyond 2002.