John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

They are bypassing what the Central Bank is doing. I ask the Governor to listen to us. I am not making up the story. I do not believe any other member is making up the story. It is fair to say from what I and others know that they are running rings around the Central Bank to push people out of their homes. When they turn up at the door, it is a frightening experience. When the letters come through the door, the occupant does not know what to do.

The Governor rightly mentioned earlier that there are supports, such as Abhaile. Will the Governor tell me what Abhaile does? Here is what it does. It will give the person a voucher for legal representation. The person is waving his or her voucher for €100, €250 or whatever and across the desk from him or her before the court is a senior counsel, a barrister and a solicitor all staked against the individual. That individual's only recourse is to ask us for help and our recourse is to explain this to the Governor and ask him what he will do. Having listened to his explanations today, I have to tell the Governor that he is not listening. The Governor has missed the point about the sales to these vulture funds and how they are regulated. I firmly believe what Deputy Michael McGrath is trying to achieve in terms of regulating the funds themselves is the proper way to go.

Will the Governor consider after our meeting the points that we have made out of our experience with customers who are affected by their loans having been sold on to vulture funds? Will he tell me in short sentences what the regulated entity reports to him? I refer not to the Central Bank looking for information but to what they are obliged to report to the Central Bank.