Rose Conway Walsh (Sinn Fein) | Oireachtas source

I have said all I want to say about the Bill in the previous debates. It is short-sighted. It is very obvious thousands of home owners are in the situation outlined by Senator O'Donnell with regard to vulture funds. The Central Bank has done absolutely nothing regarding the packages of non-performing loans being sold off to these vulture funds, which are completely unregulated and can charge whatever interest they want. There is no urgency about fixing this. This is why legislation needs to be introduced immediately. The Central Bank needs to play a much more robust role under its consumer protection remit. The Minister should be doing everything he can to facilitate it doing so.