A debate on ethical values is necessary to restore confidence in bank sector

We must continue to address power imbalance between debtor and creditor in order to keep families in their homes

In response to the serious market failure in relation to mortgages, the mountain of debt which still exists and the impact that has on individuals and families as well as on the economic recovery generally, the government has, through Mabs, the state’s Money Advice and Budgeting Service, put in place the Mortgage Arrears Resolution Service to assist and support those in serious mortgage arrears.

This service, while giving homeowners in danger of having ...