Taoiseach: Planned legislation will protect mortgage holders from vulture funds
The Taoiseach is insisting that planned legislation will improve protections for people who find their mortgage has been sold to a vulture fund.
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The bank has been criticised for selling the portfolio to a vulture fund, rather than dealing with troubled mortgages in-house.
Leo Varadkar says protections for mortgage holders should be improved in the next Dáil term.
"Legislation that is coming in in the next session will make sure that vulture funds are regulated, much more so than they are now - or investment funds, whatever you want to call them - so that those consumer protections exist," he said.
