Results 4,961-4,980 of 35,563 for speaker:Pearse Doherty

Central Bank (Individual Accountability Framework) Bill 2022: From the Seanad (1 Mar 2023)

Pearse Doherty: The two amendments are related. We are only discussing amendment No. 1.

Central Bank (Individual Accountability Framework) Bill 2022: From the Seanad (1 Mar 2023)

Pearse Doherty: I will only make one contribution because the amendments stem from the same issue, namely the Supreme Court decision in the Zalewski case. The drafting of the Bill was undertaken to incorporate a more fair and transparent procedure following the decision of the Supreme Court. The Bill makes changes to the administrative sanction procedure to ensure it conforms. Changes made to incorporate...

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

Pearse Doherty: I welcome everyone to the committee. Pepper announced in the last fortnight that it will increase its interest rates again. The increase of 1% for the majority of its customers will bring its average rate up to 6.2%. That is before another increase in the ECB rate in a fortnight. As reported at the time, Pepper's stated "Pepper does not receive any commercial benefit from the increase in...

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

Pearse Doherty: I agree completely. I sat in this same seat many years ago and made the point but the Central Bank told us that they have the exact same protections. They do not have the exact same protections because these vultures can increase interest rates. Banks can do so also, but banks have a longer-term interest in your mortgage, in your loan, in your student loan and in your farming loan. The...

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

Pearse Doherty: Permanent TSB is a case in point, because many of those individuals did exactly what we all asked customers to do, which was to engage with their banks and try to find a solution. They engaged with their banks and they were put onto an arrangement. They were never in default of their original contract in the first place, but they engaged early. Then, because of the way it was structured by...

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

Pearse Doherty: How AIB was able to split mortgages and Permanent TSB was not able to do them is still a mystery to me. We are not dealing with a small number of people. Some 113,688 mortgages are in the hands of vultures. Some 45,000 of those are with variable rates. Another 37,000 of them are on tracker rates and others are fixed rates. Mr. Burgess gave a good example. We ran our own calculations,...

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

Pearse Doherty: Yes.

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

Pearse Doherty: That goes to the core of it. I know Mr. Kissane wants to come in. We put this to the Central Bank and it is now going to start a process of engagement with the vulture funds. It is quite late in the day but we would welcome any engagement. If we talk about the existing laws, the consumer protection code states very clearly that firms must act honestly, fairly – which is the word...

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

Pearse Doherty: I have one fine question on the tracker matter. The Central Bank has no interest and it told us this for years. I brought forward legislation on capping interest rates. Deputy McGrath, when he was here, brought forward legislation as well, which progressed further, until it was dropped. It has no interest in restricting interest rates that can be applied by financial institutions. I...

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

Pearse Doherty: I know Mr. Burgess wants to come in but I will ask my final question. Perhaps he can come in on that because others want to come in as well. Final, final question. I have raised this with some of the financial institutions, the Central Bank and the Financial Services and Pensions Ombudsman. In addition, I have written recently again to the Central Bank. I do not think it is something...

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

Pearse Doherty: I will pick up on that point, and someone else might want to come in. The former Minister for Finance, Deputy Donohoe, said he would be happy for his mortgage to be sold to a vulture fund and he said that citizens are treated equally. I ask the witnesses how citizens could be treated equally. I have dozens of letters saying, "I am paying 7.5% with Pepper, which is servicing on behalf of...

Credit Union (Amendment) Bill 2022 [Seanad]: Second Stage (28 Feb 2023)

Pearse Doherty: Cuirim fáilte roimh an díospóireacht seo. I welcome the opportunity to speak on behalf of Sinn Féin with respect to the Credit Union (Amendment) Bill 2022. At the outset, I commend the hard work that has been sustained over many years of the credit union movement to advance reforms that will allow our credit union sector to grow. We all know in this House and further...

Written Answers — Department of Enterprise, Trade and Employment: Online Safety (28 Feb 2023)

Pearse Doherty: 135. To ask the Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 137 of 21 February 2023, if the Digital Services Act establishes liability obligations such that consumers can seek compensation from online platforms, or online platforms are required to compensate consumers, who have been victims of fraud through adverts on online platforms; and if he will...

Written Answers — Department of Finance: Financial Irregularities (28 Feb 2023)

Pearse Doherty: 212. To ask the Minister for Finance if there are currently any requirements or regulations in place for payment service providers to undertake confirmation of payee which checks the name of the payee’s account against the name and account details given by the payer; the extent to which this system is adopted by payment service providers domestically; and if he will make a statement on...

Written Answers — Department of Finance: Banking Sector (28 Feb 2023)

Pearse Doherty: 213. To ask the Minister for Finance the estimated value deferred tax assets yet to be utilised by banks (details supplied) respectively. [9573/23]

Written Answers — Department of Finance: Tax Reliefs (28 Feb 2023)

Pearse Doherty: 214. To ask the Minister for Finance the estimated revenue raised by introducing a 25 percent and 50 percent cap, respectively, on corporation tax loss relief utilised in a single year by NAMA participating banks and all banks, respectively. [9574/23]

Written Answers — Department of Finance: Tax Code (28 Feb 2023)

Pearse Doherty: 227. To ask the Minister for Finance if an economic impact assessment was undertaken with respect to the extension of the 9% VAT rate for the hospitality and tourism sectors; if he will detail its findings, and if he will publish the assessment. [10007/23]

Written Answers — Department of Finance: Financial Irregularities (28 Feb 2023)

Pearse Doherty: 234. To ask the Minister for Finance further to Parliamentary Question No. 110 of 22 February 2023, if the introduction of provisions to require reimbursement from payment service providers to victims of authorised push payment fraud domestically would contravene the revised Payment Service Directive (2015/2366/EU)(PSD2). [10223/23]

Written Answers — Department of Children, Equality, Disability, Integration and Youth: Emergency Accommodation (28 Feb 2023)

Pearse Doherty: 446. To ask the Minister for Children, Equality, Disability, Integration and Youth if he will provide a date of payment for a person (details supplied), who is currently housing Ukrainian refugees but has not received payment from the State since 2 December 2022; the reason the payment has not yet been made; and if he will make a statement on the matter. [9751/23]