Dáil debates

Thursday, 30 April 2015

12:25 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Finally, I wish to refer to the consumer protection (regulation of credit servicing firms) Bill. As the Minister knows, the majority of the 300,000 families paying penal standard variable interest rates on their mortgages are paying that money to banks that are owned by the taxpayer and controlled by the Government. If the Government feels that it does not have the power to issue directives to the banks that it owns and controls will it include such power in that legislation?

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