Results 2,641-2,660 of 35,540 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: The directive calls for "procedures or measures" to be put in place to get best price. From Mr. Honohan's understanding, from his unique position as Master of the High Court and from the cases he has seen, have there been procedures or measures in any of these cases outside of what anybody would do, which is to put the property on the open market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: However, does the directive not ensure that decision is not left up to the auctioneer or the receiver? It states that member states shall have procedures or measures in place. The question is where-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: We have received those questions, and it will be a matter for the committee, but I assume we will ask the Central Bank to answer each and every one of them individually for the committee. It is of benefit as we are scrutinising and reviewing this issue in the context of the credit servicers directive. What benefit to borrowers derives from this directive and this legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: If I am a borrower in distress and feel that my lender has not made a reasonable offer, I am looking at this directive and wondering is it a game-changer for me or not. As a layperson, if I am reading this right, I would ask what difference there is, because the language seems the same. The banks, the Central Bank and the Minister will say that all lenders are supposed to engage on a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: -----X or Y.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: Does Mr. Honohan believe that as a result of this directive, lenders will have to consider the option of partial forgiveness?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: That is what it states. It makes it clear that a suite of options are included. Those include the offer of a payment holiday, partial repayments, currency conversion, partial forgiveness and debt consolidation. One of the problems in this State is that certain providers use some of those measures but none use them all. This hard law now states that a reasonable offer is not a reasonable...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: As I am conscious others are waiting, I may come in again later. The directive, however, develops a secondary market for non-performing loans. We have seen in recent times the treatment of borrowers by vulture funds compared with mainstream lenders. The interest rate environment is clear in that regard. Is Mr. Honohan concerned that the directive will provide for further securitisation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: That is fine, but the directive takes this into a whole new space where it is not going to be our Central Bank that is regulating these credit service providers. There is no point in talking to the Central Bank any more because this credit directive allows for the central bank in Poland, Italy, Malta or wherever else to regulate. Some have expressed concern that there are different rules...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: It is not the weather, no.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: Are we now going to have a situation where one's debt can be held by credit service providers in a jurisdiction that has weaker consumer protection rights than we have here, despite all the challenges here, or a different legal framework? They can then be passported in and are not regulated by the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: Exactly. As we discussed earlier, how we transpose the EU directive is crucial.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: Under this directive, might we see a race to the bottom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: I will leave it at that and will come in again later, if that is okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Servicers Directive: Discussion (13 Dec 2023)

Pearse Doherty: That was the Dunne case in terms of the moratorium. That part was-----

Ceisteanna Eile - Other Questions: An Garda Síochána (12 Dec 2023)

Pearse Doherty: Given Fine Gael's disastrous handling of policing and justice and the reduction in the number of gardaí we have also seen in County Donegal, whether you look at the figures from 2002, 2012 or the past three years the numbers for our county have gone down. On top of that more than one in ten is out sick. These are either people who have been assaulted or injured in the course of their...

Ceisteanna Eile - Other Questions: An Garda Síochána (12 Dec 2023)

Pearse Doherty: 49. To ask the Tánaiste and Minister for Justice and Equality if she is aware of the shortage of Irish-speaking gardaí working in County Donegal and in Gaeltacht regions; if any plans have been put in place to address this; and if she will make a statement on the matter. [54263/23]

Ceisteanna Eile - Other Questions: An Garda Síochána (12 Dec 2023)

Pearse Doherty: Ba mhaith liom ceist na ngardaí agus an Ghaeilge a ardú leis an Aire Stáit. Táimid ag iarraidh a chinntiú go bhfuil Gaeilge líofa ag gardaí atá lonnaithe i stáisiúin Gaeltachta. I wish to raise the issue of Irish-speaking gardaí working in Gaeltacht regions. Will the Minister provide an assessment of how much progress has been made...

Ceisteanna Eile - Other Questions: An Garda Síochána (12 Dec 2023)

Pearse Doherty: I welcome that the Minister of State has put new information on the record. I submitted a parliamentary question to the Minister for Justice, which gave me the breakdown of every Garda station in the Gaeltacht regions, including County Donegal. It comprised more than 300 gardaí in County Donegal and suggested there were only nine with Gaelic as a native language or with proficiency. I...

Residential Tenancies (Deferment of Termination Dates of Certain Tenancies) (No. 2) Bill 2023: Second Stage [Private Members] (12 Dec 2023)

Pearse Doherty: I thank everybody who spoke on the legislation, especially those who supported it. After three years of the Minister of State's Government being in office, the homelessness crisis has never been worse. That is a blatant, blunt fact. Each month it gets worse. New records are broken every single month by this Government when it comes to homelessness. As shocking as these new records are,...