Results 1,301-1,320 of 23,109 for speaker:Paddy Burke

Seanad: Public Service Pay and Pensions Bill 2017: Second Stage (12 Dec 2017)

Paddy Burke: Next Thursday.

Seanad: Public Service Pay and Pensions Bill 2017: Second Stage (12 Dec 2017)

Paddy Burke: Tomorrow at 10.30 a.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: I welcome the delegation. When did the Competition and Consumer Protection Commission start to investigate whether a cartel was in operation? What triggered the suspicion in her organisation that there may well have been a cartel in place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: What triggered it in this case? Ms Goggin said that the commission looked at whether a cartel was operating in the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Ms Goggin said the commission looked to see whether a cartel was in operation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Therefore, the commission did not look to see whether a cartel was in operation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: The commission did not ask any of the banks when they started changing their interest rates or their tracker rates. The commission did not do any investigation at all.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: In other words, the commission did not investigate at all. Let us be fair about it. It carried out no investigation at all as to whether a cartel was operating in the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Did the commission carry out any investigation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Did the commission carry out any investigation as to whether a cartel was operating in the insurance industry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Is that an ongoing investigation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Several witnesses have attended here and spoken about how they believe cartels were operating in the insurance industry. When will the commission's investigations be concluded?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Will the commission make any interim proposals or report on whether it believes such a thing has taken place. The consumer is being ripped off in the meantime. Ms Goggin is saying that the commission's investigation will not be concluded for another year or a year and a half but, in the meantime, the consumer is being ripped off.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: I have no doubt about that. However, it may have further implications and we might get further reductions in the insurance industry if the commission were to say it would produce an interim report. The commission has a lot of power.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Is this the final report?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: The statement provided to the committee indicates that the Competition and Consumer Protection Commission, CCPC, firmly believes that for consumers to be adequately protected in the sector there must be strong legislation, vigorous enforcement and well-informed customers. Do Ms Goggin and Mr. O'Leary believe the legislation is not strong enough? Mr. O'Leary stated that the European...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: Mr. O'Leary is saying the CCPC is a one-stop shop that will direct consumers to the Central Bank or the Financial Services Ombudsman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: There is a duplication of services. The CCPC investigates certain matters, as does the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: In regard to Mr. Deering's office, does the ombudsman make the final decision or is it a collective decision?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters relating to Tracker Mortgage Examination and Consumer Protection Framework: Discussion (7 Dec 2017)

Paddy Burke: I am not asking Mr. Deering to refer specifically to his predecessor but did the same system operate at that time? Mr. Deering's predecessor made some very poor decisions relating to very vulnerable people.