This thread has descended into a posse looking to whoop up support and talk each other into burning down the banks.
Absolutely, I couldn't agree more. I hope you didn't think I was suggesting otherwise.There are so many different scenarios, that it is nigh on impossible for a ‘one size fits all’ calculation for compensation. I think this is just a starting point for banks. Some people will take it and move on. Others will feel that they deserve more and should present their case to the banks.
Perhaps it would be worth waiting to see the workings before jumping to any conclusions.I have an issue with BOI using the TRS refund to manipulate figures in their favour
I think it's now clear that many of the cases that the Central Bank are challenging wouldn't even constitute a breach of contract nor was there typically any lack of transparency or misrepresentation on the part of the lender.I have tried to explain the difference between breach of contract and criminal activity to journalists and others and they accuse me of defending the banks.
I think it's now clear that many of the cases that the Central Bank are challenging wouldn't even constitute a breach of contract
I wouldn't disagree with your description of the Central Bank's approach as a shake down.Their approach is shaking those banks until all the accounts are back on the correct rate.
I'm not complaining about anything. I've already congratulated all impacted BOI borrowers.Your only complaint is that the central bank is being so successful.
Has there been such an announcement? Could you post a link?By the way did you admit you were wrong when it was announced BOI staff deserved to be back on tracker?
- Even if you went to court and won your case, you would probably just get a refund and interest. You would not get compensation
Perhaps it would be worth waiting to see the workings before jumping to any conclusions.
The rate of interest on judgment debts (court interest) was reduced from 8% to 2% earlier this year.I am no expert in this, but I remember when people were reclaiming bank charges in the UK, plus 8% flat rate interest, in line with what would be awarded if claim was successful in court. .
Can anyone point out where compensation has been paid at all in cases where people have been overcharged?
All of the lenders have or will have Independent Appeals Panels in place and one can appeal any aspect of the refund or the compensation.
But I would imagine that you would have to show actual financial loss and not just annoyance.
Brendan
Agreed. I have also pointed out that disputes over contracts are commonplace and does not imply bad faith, much less criminal behaviour, by either side.
Brendan
A court case would have had greater implications or they would have went through with it.
I can't really understand how there isn't criminal charges or sackings.
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