Central Bank lending practices
Mattie McGrath alleges that agents acting for banks are using intimidation and breaching the Central Bank lending code, citing incidents in Wexford. The Taoiseach and Ceann Comhairle point to the relevant Bill and suggest pursuing the matter through parliamentary questions.
I will speak to an issue relating to Central Bank legislation. The code of practice agreed by the Central Bank for lending companies is not being adhered to. Militia groups are acting as agents of the banks. Such groups were in the constituency of the Minister of State, Deputy Kehoe, last week, as he is aware.
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It relates to Central Bank legislation.
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The Central Bank (Supervision and Enforcement) Bill 2011 is on Committee Stage. I answered the question for Deputy McGrath yesterday.
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We have lines of communication. The issue must be dealt with or the legislation must be changed-----
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-----to stop marauding thugs. I have horrific photographic evidence of what happened in County Wexford.
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I know the Minister of State, Deputy Kehoe, is trying to deal with this as well. I have asked for the matter to be taken as a topical issue but it has not been granted.