Results 3,501-3,520 of 9,147 for speaker:Jim O'Callaghan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: We certainly agree that there should not be a difference. However, from the point of view of mortgage holders, am I correct in thinking that they find themselves initially dealing with a regulated bank that sees this as a 25-year or 30-year mortgage and then they find their business transferred to another financial institution that has as its primary objective the recovery of proceeds as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: How did the person get into the category of non-performing loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Are the witnesses aware of any mortgage holders where the cost at which their loan was sold to a vulture fund can be identified? Does the vulture fund say it bought a package and it does not identify the cost of each one?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Presumably, when the vulture fund goes to court, whether it is looking for repossession or an award of damages, it would have to disclose the value it paid for the loan initially in order that its alleged loss would be calculated. Is that not correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Has that information come out as a result?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Okay. The point everyone seems to be making is that a person who entered into a mortgage with an ordinary regulated bank should be entitled to the same terms and conditions on that mortgage, even if it has been transferred over to a vulture fund. That is the point everyone is making. Mr. Burgess says that is not happening. Am I correct that Mr. Kissane is saying it should legally happen...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: I suppose it is very difficult for the individual mortgage holder, on top of having the distressed mortgage, to take on the cost of bringing a case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Mr. Hall said very distinctly that the Central Bank is conflicted in protecting banks and vulture funds and is too caught up in their regulation to be independent in trying to protect consumers. Given the conflict that he says exists, should there be a separate statutory body to deal with consumers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Mr. Burgess said this is not just about people who are in arrears but also people who are paying and are subject to the imposition of what would be viewed as extortionate rates of interest. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Inertia does not just exist in Irish finance, I can assure Mr. Kissane.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: There is a stigma associated with it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: They could move.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: I thank all three witnesses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (1 Mar 2023)

Jim O'Callaghan: Has anyone made that case? Is there any judgment on it yet?

Written Answers — Department of Public Expenditure and Reform: Court Accommodation (1 Mar 2023)

Jim O'Callaghan: 63. To ask the Minister for Public Expenditure and Reform the timeframe for the completion of the design and planning of the family law court at Hammond Lane; and if he will make a statement on the matter. [10399/23]

Written Answers — Department of Public Expenditure and Reform: An Garda Síochána (1 Mar 2023)

Jim O'Callaghan: 64. To ask the Minister for Public Expenditure and Reform the reason the construction of new Garda stations at Clonmel and Macroom have not commenced, notwithstanding that they have planning permission; if he can provide an indication when they will commence; and if he will make a statement on the matter. [10400/23]

Written Answers — Department of Justice and Equality: Departmental Staff (1 Mar 2023)

Jim O'Callaghan: 149. To ask the Tánaiste and Minister for Justice and Equality the number of staff within his Department working within the Immigration and Naturalisation Service; if recruitment of further staff would expedite applications for visas; and if he will make a statement on the matter. [10398/23]

Joint Oireachtas Committee on Education and Skills: Science, Technology, Engineering and Maths, STEM, in Irish Education: Discussion (28 Feb 2023)

Jim O'Callaghan: I thank the witnesses for attending and for their opening statements, which were very informative. Mr. Irwin mentioned, in response to Senator O'Reilly, that we are not doing very well with the top cohort of students. There is probably little sympathy for or understanding of the plight of that top cohort. They probably do not get much recognition from either the public or politicians. I...

Joint Oireachtas Committee on Education and Skills: Science, Technology, Engineering and Maths, STEM, in Irish Education: Discussion (28 Feb 2023)

Jim O'Callaghan: Dr. Gormley referred to the need for technology in the classroom. In my constituency, in which both Leinster House and a big tech sector in the south-east inner city are located, Google is very good at providing technology and software to local schools and supporting them with materials and computers. Is there anything more that can be done nationally to try to encourage the tech sector to...

Joint Oireachtas Committee on Education and Skills: Science, Technology, Engineering and Maths, STEM, in Irish Education: Discussion (28 Feb 2023)

Jim O'Callaghan: I presume it would be more difficult for schools in rural locations to try to develop partnerships with technological companies than would be the case with schools in the inner city?