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:

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!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Proposal for expert panel to review capital projects over €100m

State body to reissue €28m office supplies contract

Sinn Féin open to coalition deal, but on condition of border poll

Fine Gael ‘will go to war’ if Bailey runs as independent