Thursday October 1, 2020

Government won't initially oppose Fianna Fáil bill to tackle mortgage rates

Concerns have been raised about the constitutionality of the proposal

17th May, 2016
The Central Bank of Ireland

This is despite concerns raised about the constitutionality of the proposal, which would give the Central Bank powers to force banks to reduce their standard variable rates (SVRs).

In a sign of the new political reality facing the minority government, Finance Minister Michael Noonan will attempt to move a motion in the Dáil this evening to send the bill back to pre-legislative scrutiny stage in the Oireachtas. But with Sinn Féin supporting the Fianna...

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