Seanad debates

Thursday, 30 April 2009

10:30 am

Photo of Marc MacSharryMarc MacSharry (Fianna Fail)

I ask for a debate on the issue of unauthorised moneylending. We are experiencing economic difficulties and there is a potential for people to default on mortgages. There is a need for the House to have a discussion on innovative ways to cater for those who are under pressure at a particular time. It is also giving rise to illegal moneylending which can lead to a serious amount of criminality. We need to focus on such issues in a non-partisan debate to come up with innovative ways for the Cabinet to address issues relating to illegal moneylending and how we might best help those most under pressure to meet mortgage payments at this time.

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