Ray Butler (Meath West, Fine Gael) | Oireachtas source

I was going to speak about the Central Bank (consolidation) Bill but I will not do so. The consumer and competition Bill is currently being prepared. I would like to see legislation on banks that have written off debts and sold it on to companies that are popping up all over the place. They are buying debt for very little and making people’s lives a misery. It is a huge issue. I am hearing much about it in my constituency office. I would welcome legislation on banks selling on bad debt, second hand, which they have already written off. It will become a huge problem in the future.

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