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More homes lost in Permanent TSB tracker scandal – Doherty

28 September, 2017 - by Pearse Doherty TD

Sinn Féin Finance spokesperson Pearse Doherty TD has said Permanent TSB have confirmed to him that up to ten more families have lost their homes because of the bank’s overcharging on tracker mortgages.

This is on top of the 22 homes the bank admitted have already been lost. He has called for legislative and changes to the Rules of the Superior Courts to allow victims take class action suits in such cases in future.

Deputy Doherty said:

“It is shocking that, years after Permanent TSB were caught out sparking this scandal, that we now learn, and only at the very end of today’s questioning, that up to another ten families have lost their home because of the bank’s theft of their money.

“There are still no individuals who have been held responsible for these actions across the banking sector. To hear of these new home losses is devastating. The arrogance of the banks in this scandal is breath-taking but nothing will change until accountability is forced onto them.

“Some banks are dragging their heels and in all cases I believe the banks have looked after their own interest first and only then began to seriously investigate.

“I believe the time has come for victims in such cases to be empowered  to take class action suits. The Law Reform Commission has sketched out how this can be achieved in its Report on Multi-Party Litigation through a combination changes to the Rules of the Superior Courts and legislative facilitation.” 

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