Howlin: Conduct of some banks on insolvency 'not good enough
The Public Expenditure Minister Brendan Howlin says the conduct of some banks in personal insolvency cases is "not good enough".
Mr Howlin was speaking after figures reported in The Irish Times showed lenders are attempting to repossess more than 7,000 homes across the State.
The Irish Mortgage Holders Organisation says the number of repossessions could reach 25,000 within the next two years.
Minister Howlin says banks should engage with their customers, instead of pushing them towards bankruptcy.
He said: "Not all banks are engaging as they should, and that's not good enough from the Government's perspective.
"I am very attracted to the bill published by my colleague Willie Penrose; the enactment of that piece of legislation would be a very significant new lever on the banks to engage rather than to push people into the area of bankruptcy."
