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Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Second Stage [Private Members] (6 Mar 2018)

Catherine Murphy: ...years. The bank appeared before the Oireachtas committee on finance and said as much. Essentially, it is at the time of a review that people are very exposed. I remember the answer we got when IBRC offered its loan book for sale. We were told then that the Government did not know who was going to buy the loans and we are hearing the exact same thing now. However, if the loans are...

Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Second Stage [Private Members] (6 Mar 2018)

Pearse Doherty: ...and the light touch regulation we had at that time. We must remember this and learn from it, but we also need to accept the Bill on its merits. The Bill is one that I have no problem supporting. I recall standing with the IBRC mortgage holders outside the gates of Leinster House just over four years ago as they found themselves in the clutches of the vultures. They grouped together...

Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Second Stage [Private Members] (6 Mar 2018)

Michael McGrath: ...Asset Finance on behalf of Stapleford Finance DAC, a unit of the US investment giant CarVal. The individual was informed that Stapleford Finance DAC had purchased his loan of €1.6 million from the IBRC special liquidators. This individual had no loans with IBRC and he certainly did not owe €1.6 million. This was a case of mistaken identity. Pepper Asset Finance was...