Oireachtas Joint and Select Committees

Wednesday, 14 February 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Cuirim fáilte roimh achan duine go dtí an coiste. I wish to begin by dealing with an issue I raised last week with the Minister for Finance. It is one I get quite frustrated about. I think members of this committee have been told untruths in reality. I deal with the 2015 credit servicing Act. In the intervening period, Ministers have come in, taoisigh have mentioned that protections will follow when loans are sold to vulture funds and the director of consumer protection at the Central Bank stated "All the protections remain there" but now we actually find out that is not true. Does the Governor accept that all the protections with regard to loans that were originally with banks do not remain there, despite the assurances that were given by the Central Bank?

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