Notwithstanding that fact, in November 2012, finance minister Michael Noonan informed the Dail that the IBRC was in the process of refunding in the region of €50m to customers of Anglo Irish Bank for overcharging that had occurred in the eight-year period leading up to 2004. In its initial estimate in September 2010, the IBRC said it expected it would have to refund up to €100m to deal with the issue. The IBRC review undertook an examination of historical interest rate-setting procedures applied by Anglo Irish Bank in the period between 1996 and 2004. It found that interest rates applied in some cases were inconsistent with the terms of the loan documentation. Supporting that claim, Mr Flynn wrote: "In October 2014, Ms Justice Finlay Geoghegan in Anglo Irish Bank vs John Morrissey found that Anglo Irish Bank overcharged customers with an extra five days interest per annum."