TD hits out at government for failing Irish people on banking and insurance

The governor of the Central Bank Phillip Lane is to face Oireachtas questions today, on how it’s handled the Tracker Mortgage scandal.

Mortgage lenders are accused of defrauding around 30-thousand customers who were taken off trackers.

CEO’s of the main banks have been called in to face questions by the Finance Minister next week.

Sinn Fein Finance spokesperson and Donegal TD Pearse Doherty welcomes the fact that the Minister for Finance will finally bring the banks before the committee.

He says the Central Bank needs to do more on this issue which has led to huge hardships for people:

Speaking in the Dail last night he said there is another issue that is also haunting taxpayers and the government and that is the Setanta Insurance scandal.

The Supreme Court ruled earlier this year that the taxpayer backed Insurance Compensation Fund (ICF) is liable for monies owed to claimants following the collapse of the firm in April 2014.

However, 1500 people are still waiting for payouts and he claims the process is being held up and the Taoiseach needs to move on the Insurance Amendment Bill: