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Cork South Central Constituency

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FF Dáil motion will demand action to end standard rate mortgage rip-off

Fianna Fáil Finance spokesperson Michael McGrath has today published the details of a Private Member Motion to be debated in the Dáil next week which will demand action to end what he is describing as the rip-off of tens of thousands of existing variable mortgage customers. Earlier this week Fianna Fáil published an analysis of the interest rates that are charged to existing customers on tracker rates, standard variable rates (SVRs) and those that are available to new customers. This showed a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile. Read More

Urgent Central Bank action needed to end discrimination against existing variable rate customers

Fianna Fáil Finance spokesperson Michael McGrath has called for direct engagement by the Central Bank with mortgage providers to secure a reduction in the standard variable rate charged to existing customers. Read More

Taoiseach must apologise for misleading the public on Fennelly claims – FF

Fianna Fáil Leader Micheal Martin TD has accused the Taoiseach of misleading the public and the Dáil after he claimed that it would be an offence for him to confirm or deny whether he was recalled by the Fennelly Commission to resolve issues concerning conflicting evidence. Read More

Speech of FF Leader Micheál Martin at Launch of 1916 Commemoration Programme

A Chairde go léir i bhFianna Fáil, a dhaoine uaisle, i dtosach báire ba mhaith liom mo bhuíochas ó chroí a ghabháil libh uilig as a bheith bailithe anseo maidin inniu. Táimse fíorbhuíoch d` Eamon agus de bhaill eile an Choiste míle naoi gcéad is a sé déag, a chuir clár spreagúil le chéile do chomóradh Fhianna Fáil ar Éirí Amach míle naoi gcéad a sé déag. Read More

Bureaucracy and lack of funding has caused mortgage-to-rent scheme to collapse - FF

Fianna Fáil Finance spokesperson Michael McGrath has stated that the Government’s “mortgage-to-rent” scheme for distressed borrowers has effectively collapsed following confirmation that just 85 cases have been fully concluded under the scheme since its inception in July 2012. This equates to an average of fewer than 3 cases a month. It was originally envisaged that the scheme would facilitate approximately 500 cases a year with a total of 3,500 over seven years. Read More

Central Bank must review sale of whole of life assurance policies – FF

Fianna Fáil Finance spokesperson Michael McGrath has called on the Central Bank to investigate the alleged mis-selling of whole of life assurance policies. Whole of life assurance policies involve customers purchasing cover that provide a lump sum in the event of their death as well as purchasing units in an investment fund. The policies typically have a premium review clause after an initial 10 year period and then each subsequent 5 years up to age 70 and annually thereafter. Read More

Noonan’s desire for pre-election easing of EU spending rules needs to be examined carefully

Fianna Fáil Finance Spokesperson Michael McGrath has said efforts by the Minister for Finance to secure an easing of EU spending rules for Ireland ‘to give me budgetary space to make decisions for the 2016 budget that I’ll be introducing in October’ need to be carefully examined by the Fiscal Advisory Council to assess whether it is an appropriate step or merely represents a way of facilitating a pre-election spending splurge by the government. Read More

FF calls for Varadkar intervention in Dublin hospital overcrowding crisis

Fianna Fáil Spokesperson on Health Billy Kelleher has called on the Minister for Health Leo Varadkar to immediately intervene to address overcrowding crisis at Dublin’s hospitals. Read More

Noonan comments on mortgage holders displays crass insensitivity – McGrath

Fianna Fáil Finance spokesperson Michael McGrath has described comments by the Minister for Finance that banks are “using the courts to get people to engage with them who haven’t engaged” as a display of crass insensitivity. Read More

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