Paddy Burke (Fine Gael) | Oireachtas source

I would like to return to the issue of vulture funds or to what the Minister termed debt-investors. The introduction by the Minister of the 20% tax closed off the loophole in this area, and rightly so. However, we now find that debt investors-vulture funds are running amok in terms of the penal interest rates, charges and penalties they are applying to loans which they have acquired. We may need to bring the credit service providers before this committee to discuss this issue or to consider the establishment of a credit service ombudsman. Will the penal interest rates, charges and penalties being charged by these debt investors-vulture funds be covered by this legislation?