Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Can I take the Minister up on that? He has completely misled the Dáil again and I really need to ask him to stop doing that. He made the point that loans sold to vulture funds or credit servicing firms are subject to the same rights and entitlements when sold. We know that is not the case, and the FSPO is on record as saying it is not. There was a major loophole in the legislation in 2015. The Central Bank has said it is up to the Government to fix the loophole and to address the issue. The FSPO has made it clear that complaints that came to it were outside its scope because of the sale to the vulture funds. The Minister’s party allowed for the loans in question to be sold to the vulture funds. Fianna Fáil and Fine Gael facilitated this and then left people high and dry when they went to the FSPO to deal with it.

I ask the Minister to respond to what I believe will be hurtful to people who have made complaints and found they could not be heard. He said the conditions and terms remain the same.

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