We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Dáil
‹ Questions on Promised Legislation

Tracker mortgage scandal

Summary

Deputy Doherty demanded that the boards of AIB and Permanent TSB be called in over the tracker mortgage scandal and repossessions. The Taoiseach said he would consult the Finance Minister and come back to the Deputy.

Will the Taoiseach and the Minister for Finance call in the boards of two State-owned banks, AIB and Permanent TSB, to question them on their role in the tracker mortgage scandal whereby they have wrongfully taken over €100 million from customers? Those same banks along with others have repossessed the family homes of over 100 individuals, more than sit in this Chamber at this point in time. Can the Taoiseach imagine if each of us was overcharged by a bank and, as a result of that overcharging, lost our family homes? There would be uproar. There are approximately 100 citizens in that position while others have been bankrupted as a result of the process. In total, 15,000 individuals are affected. The least we can expect is that the Taoiseach, acting on behalf of Irish citizens, calls in the two State-owned banks and asks the boards about their role in denying these individuals what was rightfully theirs in the first place.

Comment on this
Enda Kenny The Taoiseach Fine Gael

Obviously, the Minister for Finance is in touch with banks on a regular basis. I will consult with him to see what action has been taken here.

Comment on this

Will the Taoiseach, as holder of that office, call in the boards?

Comment on this
Enda Kenny The Taoiseach Fine Gael

Deputy Doherty has described a situation there that nobody likes to see, and banks have a responsibility in this, clearly.

Comment on this

The Taoiseach has a responsibility.

Comment on this
Enda Kenny The Taoiseach Fine Gael

I will come back to the Deputy.

Comment on this