Dáil
‹ Questions on Promised Legislation Distressed loan purchaser regulation
Summary
Deputy Durkan asked whether the Central Bank Consolidation Bill could be used to regulate purchasers of distressed loans and protect borrowers from aggressive secondary lenders. The Tánaiste said there was no date for the Bill yet but he would try to follow up.
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Comment on this
Does the Tánaiste agree that the Central Bank Consolidation Bill is a suitable vehicle to which to attach legislation to control the activities of purchasers of distressed loans from banks and building societies, to ensure protection for borrowers and that regulations are applied not only to original lenders but secondary lenders, many of whom are now aggressively pursuing borrowers?
