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21/02/2018

Serious Concerns Raised Over Permanent TSB's Plans To Sell Mortgages

Serious concerns have been raised over Permanent TSB's (PTSB) plans to sell thousands of mortgages.

Sinn Fein spokesperson Pearse Doherty has written to the Clerk of the Committee asking that PTSB be called in "as soon as possible".

He said: The Committee should be given the chance to express that concern. PTSB have an obligation to answer questions from TDs and Senators being contacted by concerned homeowners, all the more so as this is a bank owned by the people.

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"I hope all members of the Committee can support my call and that such a meeting can take place as soon as possible."

Fianna Fail spokesperson Michael McGrath said where loan sales occur, the party buying the loans needs to be fully regulated and accountable in the normal way.

He said: "It should not go unnoticed that the vulture funds have nothing but contempt for the Oireachtas. I have been critical of banks on many issues, but they come before the Oireachtas Finance Committee on a regular basis and are questioned for hours. It says a lot that every single vulture fund invited to come before the Finance Committee declined the invitation, some didn't even bother to reply."

(CD/LM)

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