Some customers lost homes when denied discount rate
A regulatory inquiry into former Permanent TSB David Guinane’s alleged role in the industry-wide tracker mortgage scandal started its first public meeting on Monday morning, allowing parties involved to outline the management of the case ahead of a full hearing in October.
Mr Guinane is suspected of participating between January 2009 and April 2010 in the bank only offering a low, original tracker rate to customers coming off a period of fixed rates after they specifically requested it or complained about it, the official in charge of the inquiry, UK barrister Peter Hinchliffe, said at the outset of the meeting.
Mr Guinane plans to argue that PTSB, and, by extension, that he, did not participate in the alleged contravention, said Paul McGarry, SC, who is representing the former bank CEO. While the inquiry hearing of evidence is due take place between October 2nd and October 20th, counsel for Mr Guinane have asked for a delay to that hearing to be delayed until February 2024 as there are new lawyers for the former PTSB CEO working on the case.
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