Permanent TSB and bank customers
The Leader addressed Conway-Walsh’s concerns about Permanent TSB and the budget, saying the loophole would be changed and banks must treat customers fairly. Senators interjected as he argued that Government spending proposals must remain within available resources.
I am not going to pre-empt the report. Senator Conway-Walsh raised the issue of Permanent TSB. The Taoiseach has made a comment that the loophole will be changed. The Senator mentioned the ESRI report.
Comment on this
The loophole happened within the past 30 days when the vehicle was set up.
Comment on this
The Government's position is quite clear, that it is distressing for homeowners. The loophole will be changed. All of us agree there needs to be vigilance with the banks.
Comment on this
I have never demurred from saying that. It is a personal view. Obviously, the Minister is constrained in what he can and cannot do. It is easy for people to come in to rant and rave, shout and roar, and do all kinds of things. We have an obligation to the customers of the banks also.
Comment on this
We bailed out the banks. I am not sure whether my view is black and white or one dimensional, but I genuinely believe we need to be vigilant in ensuring the banks recognise that customers are important and deserve to be treated with fairness and respect.