Tracker victims at the Oireachtas Finance Committee 9.30 am today

MrBanks

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60
Well done to all who spoke out yesterday, it has resulted in the first semi forceful Fine Gael comment I have seen on this entire debacle. Obviously would love to see action behind the words.

http://www.independent.ie/irish-news/banks-should-repay-what-is-owed-and-pay-compensation-immediately-says-varadkar-as-he-reveals-he-has-a-tracker-mortgage-36223946.html


Many thanks,
BW
Agree completely. Need to keep going. The Journal are hopefully going to run story about our woes with Ulster Bank. The shouts are getting louder.
 

Lightening

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Im pretty certain I heard John MCGuinness near the end of the talk on Thursday state "that the Central Bank have the tools to get this sorted and that if the Central Bank need more tools to get this resolved all they have to do is ask the Oireachtas for those tools. (Not exact words but to that effect)

All eyes will be on the Oireachtas on the 19th to see will the Central Bank impose new deadlines/sanctions. I can't imagine they will not do this! A change in the law to allow Class action is also needed now.
 

LadyHB

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Just to add my thanks to everyone who has worked so hard to bring attention to this mess. Sharing personal stories took a lot of courage. It really feels there's a lot of momentum behind it right now which we have to try and maintain. I nearly cheered when I saw Varadkar's comments today. It's encouraging at least. I for one, am going to steel myself once again to send more letters.
 

Chazza80

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Thanks so much to all yesterday. What courage! And to Padraic Kissane and his lovely staff who listen to my woes and frustrations every few weeks. Well done and thank you.
 

Brendan Burgess

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I just listened back to Helen Grogan on the Pat Kenny radio show this morning. She was excellent in explaining what is a complicated story.

She has also spoken at the ptsb AGM and it's a pity more victims don't come forward and tell their story.

When ptsb sees Helen and Ulster Bank sees Niamh, they know that they have a real battle on their hands.

Brendan
 

Mark Watson

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Central bank will not bear its teeth against the banks. It is a well known fact that dog does not eat dog. These lads work and socialise together and we are regarded as collateral damage.

Our economic power is not concentrated so we rely on elected representatives. Unless they are willing to make decisions about interest levels and deadlines no one else in my opinion will.

So make demands that when interest is calculated daily on our mortgages so should the damages 12% compound per day will sort it. Damages up to the day of re-numeration being settled not to the time our rates where given back. Is it time that those who are able to speak out became demanding on our behalf and I admire their courage. Lets look on the redress as unapproved overdrafts that the bank have with us and see the fees and interest multiply.
 

Lightening

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Brendan I am itching to get the teeth in as is many others I'm sure from all the banks. There are many people quite capable of speaking sure haven't we years of practice going around and around in our heads in my case since 2009.

If you look at my posts I didn't even sleep last night am so angry

Believe me KBC won't know what hit them when I get going!

Holding off to see CB and KBCs next move.
 

MrBanks

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Brendan I am itching to get the teeth in as is many others I'm sure from all the banks. There are many people quite capable of speaking sure haven't we years of practice going around and around in our heads in my case since 2009.

If you look at my posts I didn't even sleep last night am so angry

Believe me KBC won't know what hit them when I get going!

Holding off to see CB and KBCs next move.
I didn't sleep the whole of Thursday night. Am livid with Ulster bank. I had to take a chill today as it is not good for my health. Everyone now can play a role however small. Behind or front of scene. If Ulster Bank don't redress me before Christmas I am going to camp outside their offices.
 
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Sligolive

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I think compensation levels @ over 50% rather than 20% should be the norm regarding customers who were were adversely impacted.......20% is not a sufficient penalty for the banks.
 

moneymakeover

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I listened to Helen Grogan this morning .. I thought you were excellent.. very composed.

I thought Pat Kenny was excellent .. demonstrated very good understanding of the details.

I think Helen would agree he managed to get to the heart of the story.. a "tracker girl" :)
 

MrBanks

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Padraic on newstalk with Ivan Yeats hard shoulder. You can listen back on newstalk.com. He was on at 5pm so part 2.
 

moneymakeover

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It's fantastic that the numbers of customers mean we can take on the banks.

What if only one customer was affected?

Banks can do what they want.

It makes one question the justice system in this country.
 

Stitcher

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147
Niamh and the other impacted customers gave a great account of issues to the Oireachtas committee yesterday
You were all absolutely great.

Check out the full video of the proceedings at www.Oireachtas.ie, playback, committees. Oct 12. Finance committee.
I have looked at it again and it is so powerful. Hopefully we can take this all the way.

It starts about 37 mins in.

The publicity today on radio and in papers was so powerful too.

Can't believe that Leo has a tracker!! HE Knows what WE have been deprived of.

It is so powerful.

http://www.oireachtas.ie/viewdoc.asp?DocID=37016&&CatID=127
 

Leighlinboy

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119
One of the better days in the history of this saga , serious media exposure in last few days , míle buíochas to everyone who shared their stories , Padraic and Brendan stressed the need for these individual stories , papers and media really ran with them !! Hope this head of steam leads somewhere , central bank we are all watching ur next move !
 

roan

Registered User
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They did respond to press queries last Friday stating that they are constrained by legislation and cannot force the banks to resolve affected customers pre 2013. It'll be interesting to hear what they say on Thursday.
I find this statement alarming!

Is this a get out clause for the CENTRAL BANK to do nothing??And, sit on their hands!
 

SaySomething

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It’s not alarming. They stated the same at their last Oireachtas hearing. There’s a legislatory issue.
 

moneymakeover

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This is the quote

The Department of Finance said last night that the Central Bank has powers to compel lenders to redress customers, but only dating to 2013 legislation.
From
http://www.irishexaminer.com/ireland/central-bank-urged-to-intervene-on-trackers-460511.html


Is this limit on the central bank only in relation to "redress"?

Does the central bank have the power to restore people to tracker? Dating back to pre 2006?

Does the central bank have the power to tell ptsb to put Helen Grogan back on a 0.8% tracker? And she has since left ptsb.


Does the central bank have the power to tell Ulster bank to put notabene back on her original tracker? And she is no longer a Ulster customer.

Or will the central bank say something like: we know you're right. We can't do anything. You will have to go to court.
 
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