Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland

1:15 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

One of the improvements we are looking for is consistency across the board, that is, not that there is the same approach to every given solution but that there is a level of consistency and a level of information flow so that borrowers can see what is happening. In terms of the Central Bank, it has been meeting the banks and the credit unions to see how secured and unsecured debt can be managed. How has that been going with the credit unions? It has been reported that there has been a lot of resistance from that sector.

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