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Leaders' Questions (3 Jul 2013)

Micheál Martin: Since the Keane report, out of 144,000 people in mortgage arrears, we have only had 144 split mortgages. That is an indication of the lack of engagement to date by the banks with people on the basis of meaningful, sustainable ideas that were proposed two and a half years ago. Yet the Minister refers to adjusting to new realities. New Beginning asserts that there are up to 50 new...

Leaders' Questions (3 Jul 2013)

Micheál Martin: Inexplicably, the Government changed the code of conduct a short while ago and reduced the protections. It stood by and allowed this to happen.

Leaders' Questions (3 Jul 2013)

Micheál Martin: The change gives more power to the banks to do what they want, namely-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: -----return to profitability and target those in arrears. There are no safeguards against abuse in terms of increased contact. All the restrictions about contacts with customers are gone.

Leaders' Questions (3 Jul 2013)

Micheál Martin: The banks can harass people for as long as they want.

Leaders' Questions (3 Jul 2013)

Micheál Martin: For the first time ever, tracker mortgages are now on the table. People are getting no-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: The truth hurts, Deputy Stagg. There is no independent oversight in terms of those-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: There is no independent oversight of tracker mortgages or the offers that banks may make to people on those mortgages-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: -----to ensure the wool is not pulled over their eyes.

Leaders' Questions (3 Jul 2013)

Micheál Martin: There is no entitlement to a minimum level of income, for example.

Leaders' Questions (3 Jul 2013)

Micheál Martin: Fundamentally, the Government has changed the legislation to give all of the power and control in this scenario to the banks.

Leaders' Questions (3 Jul 2013)

Micheál Martin: I accept that.

Leaders' Questions (3 Jul 2013)

Micheál Martin: I just want to ask him, if I may-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: Many people on the Government benches are aspiring to the Leas-Cheann Comhairle's position and are giving him instructions.

Leaders' Questions (3 Jul 2013)

Micheál Martin: Given what was revealed yesterday-----

Leaders' Questions (3 Jul 2013)

Micheál Martin: -----will the Government change tack and ensure independent oversight of the relationship between banks and mortgage holders?

Leaders' Questions (3 Jul 2013)

Micheál Martin: Does the Minister agree with Ulster Bank?

Leaders' Questions (3 Jul 2013)

Micheál Martin: Answer the question.

Leaders' Questions (3 Jul 2013)

Micheál Martin: It is not. The Central Bank has made it clear that it has no prescriptive powers.

Leaders' Questions (3 Jul 2013)

Micheál Martin: The Minister should not mislead the House on this point.

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