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...

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