What about BOI, AIB??
No need at all to foresee it.
PTSB fined €4.5m for overcharging at subprime unit
I suspect that Ulster Bank will also be fined as an enforcement action has begun against them.
Brendan
Can you forsee the Central Bank imposing fines on the main banks,I will hold my breath.
Yea and I asked about AIB & BOI and in your opinion do you see fines coming? I am not having a go at you, you must understand people's frustration surely?You asked a simple question and I answered it. One bank has been fined. And there are two investigations ongoing that we know of.
Brendan
Agree with Seamus M. It's not about how wronged they were and having to prove it. People have been put through enough without being dragged through an appeals process or worse. And come on now we have seen what a joke the appeals process with PTSB has turned out to be. We can see the number crunching angle Brendan is looking at this from but I'm afraid it is impossible for him to understand any of this on an emotional level and it's cost in terms of families situations.
Yea and I asked about AIB & BOI and in your opinion do you see fines coming? I am not having a go at you, you must understand people's frustration surely?
Thank you.Hi Onceagain.
I just don't know.
If the lender and the borrower disagreed over the interpretation of a contract, there would be no need for a fine.
However, if there is evidence that a bank deliberately tried to trick people off trackers, the people involved should be fined and should not be allowed to work in financial services.
Brendan
I wonder will we hear of these fines and job losses no mention of them in Ptsb scandel .Why isnt anyone trying to tie together how most financial institutions came up with plan to turn over Joe soap.Did one ring the other or maybe they all received variable rate virus.Hi Onceagain.
I just don't know.
If the lender and the borrower disagreed over the interpretation of a contract, there would be no need for a fine.
However, if there is evidence that a bank deliberately tried to trick people off trackers, the people involved should be fined and should not be allowed to work in financial services.
Brendan
no mention of them in Ptsb scandel
people didn't use the appeals process is because they went in far greater numbers to solicitors etc.
But isn't Aib's incorrect interpretation of the wording and rejecting the tracker a form of deliberate cheating?
Well more fool you Brendan for believing a single word issued by PTSB.
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