Christopher O'Sullivan (Cork South West, Fianna Fail) | Oireachtas source

I raise the issue of loans being sold on to vulture funds and the hardship it is causing people in Ireland. People and businesses in Ireland take out loans every day. There is also a practice whereby loans are sold on to vulture funds every day. They are restructured and sold on without any communication with the customers. Citizens are left completely exposed to these piranhas of the financial world. These people need protection from us and the State, especially in instances where people are offering to pay twice the amount that the loan was sold for in the first place. People have nowhere to go for advice or protection. I am asking the State to step in and protect the citizens of Ireland from these scurrilous vulture funds.

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