Joan Burton (Dublin West, Labour)

The Minister is aware there are severe penalties for people who fall behind on repayments to sub-prime lenders. The courts are currently witnessing hundreds of cases per month of sub-prime lenders moving against people who raised mortgages through them. Does the Minister intend to introduce any regulations for the schedule of penalties and charges sub-prime lenders impose on lenders when they fall behind? Many people are now beginning to have their homes repossessed and the penalty charges made by sub-prime lenders over a short period are extremely severe.

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