Brian Hayes, CEO of Banking and Payments Federation Ireland
This afternoon.
Former Fine Gael minister and CEO of Banking and Payments Federation Ireland responded to claims that guidance from European regulators undermine the Irish banks’ policy of applying interest and adding it to the principal of a loan at the end of a break period.
Via RTÉ
Speaking on RTÉ’s News at One, Mr Hayes said the EBA guidance, produced on 2 April, could not be clearer.
The guidance said that the sequencing of loan repayments could be changed but the interest rate could not; and if the interest rate was changed, this could be classified as forbearance.
This advice, he said, did not change until yesterday…
However…
@brianhayesBPFI are you still sticking to the story that banks only found out yesterday that they don’t need to charge interest during payment break period. Here is a letter from Central Bank to me published on their website 3 weeks ago. I’ve highlighted it for you. ???? pic.twitter.com/mB9Xb34UOQ
— Pearse Doherty (@PearseDoherty) July 8, 2020
Um.
Anyone?
Irish banks ‘upfront’ since day one about payment break costs – Brian Hayes (RTÉ)
But Miss, I told you I needed to go . . .
heheheheh
Must admit I was naive enough to think we were all being offered a straight respite at a time of crisis. Silly me being rather surprised when Ulster Bank wrote to say they were charging 1500 quid for it
Same here in France.
Give with one hand and take (double) with the other.
Hayes and Parlon eh. Gamekeepers turned poachers.
Not forgetting Lucinda Creighton…
https://www.vulcanconsulting.eu/the-vulcan-team/
Blue Hugh there to rearrange that odious little mans words.
Odd isn’t it that our Minister for Finance didn’t know that? Sure, why would he bother anyway….FG’ers are doing it for themselves.
Where are getting “our Minister for Finance didn’t know that” from?
Brian Hayes is a former minister.
i have a true and visceral hatred for brian hayes. if ever a man with no soul to speak of.
The face of Hayes in that photo….the photo must have just been taken when Doherty showed the note to him and he knew he was caught out. Once a Blue$hit always a Blue$hit !
The dank of hireland pulled our business over draft the day we opened After lock down
Had to tell all suppliers if their direct debits bounced ring us
The humiliation of it all
March 15th over draft 11k. Before we were forced to close by government and no help from them
March 16th asked bank to increase our over draft to 25k at 9% interest
June 29th June over draft 15K Spent whole lockdown fighting to keep alive By takeaway food
No staff but kept wolf from the door by credit card transactions
On the Tuesday the 30th told them If they did not reinstate it we would close the business at 11 am Then phoning joe Duffy
My heart nearly stopped with the stress and boy I was fit to kill
At lunch time sent the credit card machine to our local branch and we instructed all customers to pay cash
Thursday 31st June bank over draft reinstated
Today we have 3 grand in credit
What total scum bags
We are backing brave
In all fairness our branch manager spent two days on phone to head office
He was powerless but some one in head office was in the position of god who ensured we could not use our account for days
Maybe Stephen Donnelly’s sister in BOI
She’s head of Risk policy
Her name was georgina and six years trading with the pattern where July august takings is 60% of the years takings Are taken in those two months