Louise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

Public anger at the prospect of the sale of thousands of mortgages to a vulture fund continues to grow. The chance to regulate these funds was voted down by the Labour Party and Fine Gael in 2015. Sinn Féin legislation to regulate this issue remains on the Order Paper and we are prepared to work with those on all sides to advance it. However, the immediate concern is for the thousands of families now facing the threat of letters arriving to say that their mortgages are now owned by a company they never heard of and that does not want to know them. The people own this bank. The people saved this bank. Regulation alone will not stop these sales. Has the Taoiseach or the Minister for Finance communicated to Permanent TSB that the Government, as the owner of the bank, does not agree with the sale of these loans? Will he or the Minister for Finance commit to doing so?

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