Oireachtas Joint and Select Committees
Wednesday, 18 October 2023
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Credit Union (Amendment) Bill 2022: Committee Stage
Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source
I cannot comment from this position other than to say that from past experience, careful regard must be had for movements in the vulture funds into the mortgage area and the drift to ever-increasing mortgages and the extent to which that can virtually cripple the borrowers in the marketplace at any given time. For instance, we all spent 19% or 20% on interest rates in the past but there is a difference. Now, the investment is-----
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