Written answers
Tuesday, 1 July 2014
Department of Finance
Financial Services Ombudsman Data
Damien English (Meath West, Fine Gael)
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113. To ask the Minister for Finance the number of appeals to the Financial Services Ombudsman in the past three years relating to lenders not complying fully or partially with the various statutory codes regarding borrowing by private and business persons; the number of such appeals that were either successful or unsuccessful; the number of such appeals currently awaiting a decision; and if he will make a statement on the matter. [27815/14]
Michael Noonan (Limerick City, Fine Gael)
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Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties. I have no role in the day to day workings of the office or in the decision which he takes.
I have been advised by the Office of the Financial Services Ombudsman that it does not categorise complaints under the heading of lenders not complying fully or partially with the various statutory codes regarding borrowing by private and business persons.
However, the Office has informed me that, in the last three years, the Financial Services Ombudsman Bureau has received 1,005 new complaints in relation to lending. Findings issued in the same period were as follows:-
FINDINGS | NUMBER OF APPEALS |
---|---|
Upheld | 45 |
Partly Upheld | 74 |
Not Upheld | 262 |
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