Seanad debates

Wednesday, 24 June 2015

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015: Second Stage

 

10:30 am

Photo of Darragh O'BrienDarragh O'Brien (Fianna Fail) | Oireachtas source

We should try to explain to people why, when the Government sells their mortgages to a vulture fund, they have no opportunity to get a discount on their mortgages in the same way multi-billion dollar enterprises did when the Government sold the IBRC residential mortgage book at a substantial discount. People in the portfolio will have their houses repossessed on the back of it.

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