Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
It is quite clear that the Chairman has very strong views on these issues. Nothing in this legislation deals with repossessions, evictions, arrears, the treatment of people in courts, insolvency or anything like that. The Bill is about giving the Central Bank the power to put a cap on variable mortgage interest rates. The issues raised by the Chairman are of great concern to many people, but they are not relevant to the legislation.
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