Oireachtas Joint and Select Committees
Thursday, 14 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Permanent TSB
9:30 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
This is very important. The Central Bank has told us that where a loan is sold to a vulture fund the customers' rights are transferred. Regardless of to whom the loan is sold, the bank has an obligation to provide its customers with the details of the protections that will be transferred on sale of the loan. The banks should not be issuing letters that meet only minimum requirements.
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