Dáil debates
Tuesday, 17 January 2017
Ceisteanna - Questions (Resumed) - Priority Questions
Loan Books Purchasers
7:15 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I am sure the Minister saw the RTE documentary, "The Great Irish Sell Off", which dealt with the sale of mortgage loans and SME loans to so-called vulture funds and the growing concerns among those in the farming community who are trying to negotiate some way forward with some of the vulture funds who own their loans. The Minister and I disagree on whether there is a need to strengthen protections for mortgage holders and business owners whose loans are owned by such funds. I believe there is a need to strengthen these protections, which the Government signed up to doing in its programme for Government. What are the Minister's intentions in this regard?
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