
A Mayo Senator has welcomed the opinion of the Governor of the Central Bank that regulated vulture funds accept an invitation from the Finance Committee to appear before it.
Sinn Fein Senator Rose Conway-Walsh, who is a member of the committee, says the various vulture funds who have bought residential and commercial loans from the banks, have a duty to answer questions relating to their conduct in this State. The Finance Committee has issue various invitations to these companies to appear before it, with most refusing.
Many homeowners who had their mortgages sold on were denied any information as to which company effectively held the deeds to their family home.
Senator Conway-Walsh says the fact that there is no regulation in place for the actual owners of the credit in these situations.
She told Midwest News that she and her party will be keeping pressure on to ensure these funds are held accountable.