Oireachtas Joint and Select Committees
Tuesday, 20 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Central Bank of Ireland
11:00 am
Professor Philip Lane:
Under the Consumer Protection (Regulation of Credit Servicing) Act 2015, we can now engage with and inspect the way these investment funds handle their customers. They fall under the code of conduct on mortgage arrears. We will be inspecting them and supervising the credit servicing firms to ensure compliance with the code. I am not sure whether the Senator is referring to treatment of mortgage debt or other types of debt.
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