Regulation
Michael McGrath commits to closing loophole that leaves mortgage holders in the lurch
The finance minister said he was speaking with the ombudsman and legal advisers to ‘identify a way forward’
Michael McGrath has said he would amend legislation if required to fix a regulatory gap that has left thousands of mortgage holders without consumer protection.
Speaking in the Dáil on Thursday, the finance minister said he was engaging with the Financial Services and Pensions Ombudsman (FSPO) about its interpretation of legislation and with legal advisers to “identify a way forward so that the gap that has been identified is fixed”.
“If a legislative amendment is ...
