Results 5,161-5,180 of 26,433 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Are they all registered in one building?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It is amazing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: They may all be from one address but I must check that. What we have heard does not reflect the experience of customers who have been treated very badly by vulture funds. They have been harassed and harangued by them and chased down like criminals. The vulture funds will not appear before this committee for some reason in case they have to be transparent or are asked awkward questions....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: There is a facility in the overall structure for dealing with these loans that allows banks to place the loans to one side on their balance sheet or off their balance sheet. That is also an option.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Without the vultures.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: That is a clear message.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: The health of the customer of the bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: -----that provided the loan is also something that should be considered.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It is not done by the banks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It has gone to the stage that I will do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: My view is that they could not care less about the bank or this committee. Their interest is in chasing the money and running. That must be stopped by somebody. I am just making that point. We are here to speak about the tracker cases. The Bank of Ireland tracker cases have been dealt with by Deputy Burton and the 5,000 prevailing rate cases involving AIB are still out there awaiting...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Is that the Central Bank's understanding of the matter? Surely it is keeping an overview?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: It is those types of cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: We are at 40,500 cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: There are further cases with the ombudsman that could add to the figure of 40,500.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: I remind our guests that when the Central Bank representatives came here first, they told us there would be 3,400 cases. That was way back in the past. The former Governor, Professor Philip Lane, told us that and we adjourned a meeting in order to find the correct figure. It has grown since to 40,500. I really hope the cases involving Bank of Ireland and AIB are dealt with. I know the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: I have an example of the arrogance of one bank with respect to a matter relating to a tracker mortgage. I will not get into names or details, except to say that the matter involves Bank of Ireland. I have pursued this to the bitter end to try to resolve this issue for a particular man. From the paperwork he accumulated through freedom of information processes, it is clear that this man has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Perhaps. We would have to go to each bank and ask it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Over the years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages Report: Central Bank of Ireland (24 Oct 2019)
John McGuinness: Perhaps they could give a commentary on such a graph, the products and so on.