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Financial Services and Pensions Ombudsman (Amendment) Bill 2023: Second Stage (8 Feb 2024): Gerald Nash: .... There is a massive imbalance of power. Our society is replete with examples of banks and other financial services institutions using untrammelled power in the past - indeed, some are using it still - to wreak havoc and destroy lives. We need to value independent and impartial bodies like the FSPO and make the necessary investments and adjustments to the legislative provisions...
Financial Services and Pensions Ombudsman (Amendment) Bill 2023: Second Stage (8 Feb 2024): Martin Kenny: ...large loans they were unable to meet. Banks and financial institutions put huge pressure on individuals and small businesses and left them in a situation where they practically bankrupted them and destroyed their lives. As the Minister knows, many people were in serious distress to the stage their mental heath suffered seriously as a consequence. I believe we now have an obligation, in...

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