Timmy Dooley (Clare, Fianna Fail) | Oireachtas source

The purchaser of the loan has taken a decision either to change the terms and-or to do so in a way that is not in the best interests of the consumer and is acting outside what the guidelines permit. When the new legislation comes in to play, can it bring those loans back within the boundaries of the guidelines or will the institution concerned be able to argue that it had already begun the process and therefore the legislation would be attempting to address retrospectively a process that has already begun?