Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

A person of whom I am aware is paying €400 a month more. That is €4,800 to the vulture fund. The code of conduct states that where a borrower is experiencing repayment difficulty, a regulated entity must explore all the options for alternative repayment arrangements offered by the entity. There are no options in this case. The vulture fund offers no options. The Government committed to review the CCMA but, two years on, it has not done so. It is not acceptable to leave these people high and dry. We need action. On this side of the House, I am willing to work with the Minister in whatever way is needed to ensure adequate protections are in place for these mortgage holders.

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