Results 7,621-7,640 of 36,188 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: I welcome the fact that figures were presented to us earlier. It is hard to follow what the bank is doing. We wondered in the context of a previous questionnaire how we could be sure that the bank had offered sustainable solutions to people who had walked away from their family homes. I find it difficult to have any confidence, given that the bank has lost three court judgments. I have...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: Okay. The problem is that this is the time when we are supposed to discuss it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: There is no point coming before this committee if the information that is provided is not accurate, which Mr. Bell has admitted is the case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: According to its own figures, Ulster Bank has reached and surpassed the mortgage arrears resolution targets. It has done that through legal proceedings and the threat of legal proceedings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: Can Mr. Bell explain how the bank would have reached the target without legal proceedings or the threat of legal proceedings?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: The point I am making is that without legal proceedings of the scale at which they have been initiated by Ulster Bank, the bank would not have reached its mortgage arrears resolution target.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: Is Mr. Bell accepting that Ulster Bank would not have reached the mortgage arrears resolution target without legal proceedings?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: The bank has issued 5,810 legal proceedings or threats of legal proceedings. Can we at least agree that the bank would not have reached the mortgage arrears resolution target without them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: The Minister for Finance echoed those comments earlier when he said, "I have informed the Deputy previously that letters threatening repossession or legal action could not in my opinion be considered a sustainable solution under the mortgage arrears targets". The Minister is saying that letters threatening repossession or legal action should not be included because it was never the spirit of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: There are customers with mortgages on their family homes who have engaged with Ulster Bank, but against whom the bank has issued legal proceedings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: Mr. Brown mentioned earlier that there is "an element of customers, approximately 4,000, who have not engaged with us at all".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: As I have already said, there have been legal proceedings or the threat of legal proceedings in 5,810 cases. The bank wants to present it in one way. I am presenting it in another way. I am just asking for confirmation that the bank has initiated legal proceedings against people and their families who have engaged with it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: Mr. Bell has gone back to the bank's dealings with those who do not engage. The bank wants to present the idea that this group of people - those who have not discussed their situations and will not answer phone calls - are the only people against whom it issues legal proceedings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: I suggest that the bank is issuing legal proceedings against people who have engaged with it. To put it simply, there is a certain cohort of people who are not in a position to repay to Ulster Bank huge amounts of money that the bank lent to them but they should probably never have got. The bank has looked at sustainable solutions. We can deal with the sustainable solutions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Pearse Doherty: I will go through the numbers with regard to sustainable solutions. There are four columns, the first of which relates to term extension. The majority of these cases - almost 4,000 of them - involve arrears capitalisation, to which the second column relates. The other two columns relate to a number of other smaller items which seem to involve normal repayments. Most of these people would...
- Leaders' Questions (9 Apr 2014)
Pearse Doherty: I am one of the members of the committee who is putting pressure on the banks. I do not get up in the morning to come to the Houses of the Oireachtas in order to be misled or lied to by senior bankers, as is happening in committee room 4. I have just come from a meeting with representatives of Permanent TSB, whom I asked about the bank's split mortgage product. They said they do not charge...
- Leaders' Questions (9 Apr 2014)
Pearse Doherty: The CEO of Bank of Ireland is paid an obscene salary from a bank that has only been saved because of the sacrifices of the Irish taxpayer. We know the total package is €843,000. Bank of Ireland exists only because it was bailed out by citizens of this State. The cost incurred by the taxpayer has been immense. Despite all the hardships endured by ordinary hard-working people across...
- Leaders' Questions (9 Apr 2014)
Pearse Doherty: On foot of a freedom of information request to the Department of Finance, I received a copy of the advice given to the Minister in respect of last year's AGM. It was clear that his officials did not want him to vote for the remuneration package of the CEO of Bank of Ireland. They said it would be inappropriate given that he had not received responses on the Mercer report. The Taoiseach...
- Leaders' Questions (9 Apr 2014)
Pearse Doherty: What sort of signal does it send to those who were crippled by the Minister's austerity policies?
- Order of Business (9 Apr 2014)
Pearse Doherty: Yesterday, the terms of reference for the commission of investigation into the recording of telephone calls in Garda stations were released and I am interested to know when they will be debated in the House for its approval. In the context of that debate, can the Minister for Finance confirm whether there is a system in place in any other Department or State agency, particularly the Revenue...