FF: Errant lenders should be named

FINANCIAL service providers such as banks, stockbrokers, savings institutions or lenders should be named and shamed if complaints are made against them, according to Fianna Fáil.

The party has published a Bill which it hopes will be debated in the Dáil, giving powers to the Financial Ombudsman to publish and report on all complaints, investigations and judgements.

Individual service providers are not identified in the twice yearly reviews on investigations by the Ombudsman’s office which received 7,200 complaints in 2010 — a figure expected to be exceeded in 2011.