Tuesday December 1, 2020

Doherty defends 'no sale, no consent' bill

Officials from the Department of Finance and the Central Bank expressed concerns about the bill, which aims to restrict the activities of vulture funds, at a meeting of the Oireachtas finance committee

2nd April, 2019
Sinn Féin's Pearse Doherty. Pic: RollingNews.ie

At a meeting of the Oireachtas finance committee, Gary Tobin of the Department of Finance rejected a suggestion that the department was “batting for the banks”.

Central Bank deputy governor Ed Sibley expressed “grave concern” about the bill, which would prevent banks from selling home loans to vulture funds without the borrower’s permission.

The bank said the bill would not offer consumers any additional protection. It added that it...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Large public capital projects could be run through an “independent panel of international experts” as part of public spending reforms, according to the Department of Public Expenditure

Daniel Murray | 1 year ago

The contract covers the supply of office stationery to a range of government bodies and agencies, including the HSE, universities, hospitals, councils and schools

Michael Brennan | 1 year ago

Party would launch the ‘largest public house building programme that Ireland has ever seen’ and a national health service

Aiden Corkery | 1 year ago