Dáil debates

Wednesday, 3 July 2019

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

 

12:40 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Absolutely. There has to be order between the parties of Government.

Ulster Bank's announcement of the sale of €900 million worth of loans to vulture funds, including 3,200 family homes with domestic mortgages, is unacceptable and morally bankrupt. The sale is only possible because the Government has given political cover and support to vulture funds. Fine Gael is as responsible for this sale as Ulster Bank. Thousands of Irish families face the potential sale of their loans to a vulture fund and they need and demand urgent action. The reality is that no loan in arrears or otherwise is safe under the current rules.

Sinn Féin's No Consent, No Sale Bill, put forward by Deputy Pearse Doherty, is making its way through the Oireachtas. I believe this Bill is urgently needed as it would ensure that banks cannot sell on loans without the direct consent of the borrower. Given the urgency at hand, will the Taoiseach assure us and ensure that this Bill will progress quickly, that it is not subjected to delay and that it is not frustrated, because those families faced with this Ulster Bank sale and others require protection. I believe that is the least the Taoiseach could afford to those families. It is high time he sided with families as against siding with the vulture funds.

Comments

No comments

Log in or join to post a public comment.