Oireachtas Joint and Select Committees
Wednesday, 3 December 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
2:30 pm
Mr. Antoine Mac Donncha:
We are endeavouring to apply exactly the same level of regulatory protection in respect of the loans going forward. Whether someone is disadvantaged or not is a more subjective question in terms of the attitude someone takes. We are going to apply the same rule book to the credit servicing firms as would apply if a bank were servicing the loans.