Fianna Fail Defends Bid To Regulate Vulture Funds
Fianna Fáil has defended its bid to ensure the full regulation of so-called 'vulture funds.'
In the past week, two major Irish banks have announced plans to sell off around 25,000 distressed property loans.
The Government insists homeowners will be protected no matter who owns the loans - with certain regulations already in place.
Fianna Fáil TD Stephen Donnelly says 'vulture funds' will think twice about buying loans if they are faced with the same regulations as the banks:
Meanwhile a finance expert says people who don't pay their mortgage don't necessarily deserve to stay in their house.
It comes as controversy brews around what will happened to distressed mortgage holders as a number of banks plan to sell off non performing loans.
Consumer Finance Columnist Sinead Ryan says vulture funds are more likely to bring people to court quicker than banks: