Results 16,361-16,380 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: My next question is one that I have asked other banks. Does Permanent TSB believe that it broke the law in the way it treated its customers and took their money from them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Permanent TSB has not broken the law. The High Court found against the bank which settled out of court with other customers, but it did nothing unlawful. Is that a fair summary from the bank's perspective?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Deputy Michael McGrath spoke about the number of appeals. A total of 74 appeals have been upheld, while 40 have gone through the independent review process. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: How many individuals lost their homes, both buy-to-let properties and family homes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Did all 31 go through the independent review process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: That is different from what Mr. Mitchell told Deputy Michael McGrath. He can correct me if I am wrong, but the matter was teased out at length. There were offers of €50,000 and €25,000 for buy-to-let properties, but the expectation was that every one of them would go through the independent review process. I have been led to believe it was not really an appeals process but...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: That is not what Mr. Mitchell said.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Therefore, the independent review panel process was available to those who had lost their homes or were at an advanced stage in legal proceedings but not to all customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Mr. Mitchell referred to all customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: We know that 31 customers lost their homes and that only 40 are going through this process. How many were in the advanced stages of the legal process who would have been entitled to lodge an appeal to the independent review panel?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Can Mr. Mitchell give us any indication? Is it 100 or in excess of that number?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: That is appreciated. I will stick in this area, if that is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: I am saying we will remain in this area but try to get the figures. When was the independent review panel process established and when were customers who had lost their homes informed that they could appeal through the independent review panel?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Therefore, the bank would have written in July to the customers who had lost their homes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Around that period.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Customers have one year in which to appeal.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: With regard to those who had lost their homes, the bank gave an indication that its opening figure was €50,000 and expected all customers to appeal. They have at most about six months to appeal or they will be locked out of the process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: If the appeals process was only established in July, how could the 12-month period already be at an end?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Therefore, the customers affected are technically, on paper, no longer entitled to appeal but the bank will allow appeals to be made. Is that what the delegates are saying?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Do we know how many of the 31 who lost their homes have appealed?