Seanad debates
Thursday, 12 June 2003
Interest Rates Reduction: Statements.
Yesterday, on the Order of Business, Senators rightly alleged that the so-called rivalry between mortgage lenders is, in fact, a mock competitiveness and that a cartel is operating in the sector. This is an understandable perception. While we welcome the Minister of State's announcement concerning the Director of Consumer Affairs setting down certain parameters within which the banks will have to operate—
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