Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Central Bank is engaging with a vulture fund on the basis of information that I have provided it with in relation to what I am speaking about. The problem is that once the banks offload their loans to the vulture funds, the banks have no idea what way the vulture funds are going to treat customers that were loyal to the banks for many years. The reality is these vulture funds have the right to do exactly what I have pointed out. In regard to accounts in arrears, they have the right to call in the loan within 30 days and the right to repossess, an action that no Irish bank has taken as a broad sweeping policy but the vulture funds, I understand, have started to do it.