Seanad debates
Thursday, 6 July 2006
Building Societies (Amendment) Bill 2006: Committee and Remaining Stages.
7:00 pm
James Bannon (Fine Gael)
The financial services ombudsman has found that the early repayment penalties imposed by Irish Nationwide were invalid and illegal but Irish Nationwide has made no provision to compensate borrowers affected by this. The amendment would counteract this problem, which is important. It is a sensible proposal and should be taken on board.
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