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Dáil
‹ Questions on Promised Legislation

Central Bank consolidation Bill

Summary

Deputy Durkan urges urgent progress on the Central Bank (Consolidation) Bill to address pressure on distressed mortgage holders from third-party lenders. The Tánaiste says work is under way and will convey the urgency to the Minister for Finance.

Bernard Durkan Deputy Bernard J. Durkan Fine Gael

Yesterday, I raised the Central Bank (Consolidation) Bill, which I believe is the appropriate vehicle to discuss some of the issues that others in the House have raised. It will cover the activities of third-party lenders that have acquired distressed mortgages from businesspeople, householders and a multitude of others who are now being subjected to appalling pressure by people who call themselves businessmen and are there for short-term gain only. Is it possible to bring that Bill before the House as a matter of urgency?

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Pat the Cope Gallagher An Leas-Cheann Comhairle Fianna Fáil

Are there any plans?

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Yes, work on that legislation is under way. I will convey the Deputy's concerns about its urgency to the Minister for Finance.

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