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    Central Bank public enquiry into ptsb senior executive

    https://www.centralbank.ie/news-media/legal-notices/inquiry-hearings/permanent-tsb-p-l-c-(ptsb)-and-Mr-David-Guinane The legal issues hearing on this starts on 11th October and members of teh public can attend either in person or remotely but you have to register first
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    Credit Union reporting incorrectly to CCR/Bankruptcy

    The CBI will not reinvestigate this when the FSPO has already done so using their statutory powers. I expect all that would happen is the CBI supervisor will just raise the issue informally with the CU and nothing more would happen
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    Credit Union reporting incorrectly to CCR/Bankruptcy

    It's been a long time since I was on this site but I'm very disappointed with your comment that credit union decision makers are "generally extremely arrogant and know best". That statement is unworthy of a serious commentator and reflects poorly on you Brendan.
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    Credit Union Loan Agreement Terms

    Did you read his posts? Clearly not .... He has already investigated the insolvency route and clearly doesn't like the downside of getting his slate wiped clean i.e. losing his assets (he wants to hold onto a lot more than €10K of assets it seems). He came on here, already armed with his...
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    Credit Union Loan Agreement Terms

    Ahh, now your making sense, you want the loans to go away but you hold onto your assets ....have your cake and eat it ....you are moving into the realm of Freemen of the Land and related loonies .... they might even do you a good deal on some magic beans!
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    "Credit Unions used stolen data to snoop on customers"

    If you want to open a new a/c you must provide the PPSN or else do without the a/c. Its amazing that this story is CU centred. For me, the worrying thing is that those in charge of our data in government agencies give it away so easily
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    Credit Union Restructuring Board CEO Resigns

    The Central Bank has a load of options open to it under the 2011 Act- they could have removed directors and forced operational changes to change the errant behaviour. They spent 3 years presiding over a rapidly declining loan book & did effectively nothing except wait to press the nuclear...
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    Credit Union Restructuring Board CEO Resigns

    Not by 90% in a few years Brendan, - the restrictions in this case were particularly excessive The only way the credit union could have generated enough capital was to continue as a going concern and earn income from a functioning loanbook. The Central Bank prevented this from happening...
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    Credit Union Restructuring Board CEO Resigns

    Another point to note about the ridiculous finding that nobody was qualified to produce the accounts for the credit union is that the responsibility to present the accounts to the Board of Directors lies with the CU Manager under the Credit Union Act. The position of Manager is now a...
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    Credit Union Restructuring Board CEO Resigns

    Bad loans were definitely made but when you put the tightest restrictions ever placed on a lender into a small institution like BCU and then watch the loanbook shrivel up, you can only expect the bad loans to remain and thus trigger an insolvency situation as happened here. The Central Bank...
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    Credit Union Restructuring Board CEO Resigns

    Brendan, The Central Bank sent in a large accountancy firm with a clear agenda . Their findings, outlined in the High Court report are subjective and in some cases dubious: · Inadequate assessment of borrower ability to repay Subjective assessment by the accountants · Inadequately documented...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    Gerry, You specifically mentioned PPI in your post so you will forgive me for assuming that you were treating this as a PPI issue. There was no sale of a policy, this is "free" cover not part of the credit agreement. Why not outline the specifics of this case to your solicitor friend and post...
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    Credit Union Restructuring Board CEO Resigns

    More like created an insolvency. The Berehaven loan book dropped like a lead balloon due to the restrictions placed upon it by the Central Bank and this created a completely lopsided balance sheet with mostly low earning assets engineering a situation where the CU could no longer carry its...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    Gerry, this is not a PPI issue. Its a Life Savings insurance issue which the member does not pay for directly, I'm not sure if your two years of PPI experience will be any use in these circumstances.
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    Credit Control policy

    Your issue is clearly not as simple as having a nosey at the credit control policy. I presume you are in dispute with the credit union over a delinquent loan and you are unhappy with whatever action they have taken against you. You haven't given the context of your "complaint" - sounds like...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    All yours posts on this thread ignore the substantive issues I raised. Its a little pointless to quote all your non engaging posts. Keep dancing around the issue in an irrational manner I'm done trying to have a rational debate with someone who ignores the substantive issues but engages in...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    You have effectively posted that a defaulter should be treated to the same benefits as a paying borrower. That is not rational. I outlined the logical conclusion to your irrational position earlier (we will all die eventually so why pay -it will be paid off by LP insurance eventually when we...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    No repenting required. A defaulter is a defaulter and is not entitled to the benefits when he didnt pay his loan. Your point of view is not a rational one. I have presented a very rational view on the reality of this situation. Some people have an unrealistic utopian view on life and think that...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    I presume your question is rhetorical and you think you're being smart. A loss was incurred initially in having to write off the defaulting loan. That loss was recovered by the LP insurance claim. However a new loss was incurred when the borrowers widow pushed to have a death benefit claim...
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    CU set shares agains loan for terminally ill member, and now won't pay death benefits

    You have all the answers with the benefit of hindsight:rolleyes: Meanwhile back in the real world, real decisions have to be made based on real life (the hindsight button doesn't work for future decisions;)) The actions of the CU were clearly based on the actions of the borrower and the non...
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