Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein) | Oireachtas source

The Tánaiste is aware that, in recent years, with some financial institutions closing their doors and others ceasing to perform in given areas - for example, mortgages and other lending practices - they have sold, for want of a better description, their loan books or aspects thereof to other financial service providers, including some outside the jurisdiction. There is significant concern among citizens who, having gone to high street financial institutions in years past, provided all of their relevant information and data and legitimately secured their loan applications or mortgages, as the case may be. Considerable data - information on the individuals and their families - were provided to the financial institutions, but now, years later, all of that information is in the hands of other financial institutions, including some that are not registered in this State but are functioning in Ireland in a limited way and have control over the loans in question, including mortgages. This is significantly problematic.

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