Dáil Éireann Debate, Tuesday - 20 January 2026
392. Deputy Niamh Smyth asked the Tánaiste and Minister for Finance if he will review correspondence (details supplied); if he will address the concerns raised; and if he will make a statement on the matter. [3582/26]
View answer396. Deputy Richard Boyd Barrett asked the Tánaiste and Minister for Finance to respond to concerns that a bank selling non-performing mortgages is inducing homelessness (details supplied). [3653/26]
View answer404. Deputy Mairéad Farrell asked the Tánaiste and Minister for Finance if his attention has been drawn to the continued injustice caused as a result of Project Glas, as the State prepares to exit ownership of Permanent TSB; if he could provide clarity on how legally binding consumer protections are being enforced in practice, how regulatory delays are permitted to continue while enforcement proceeds, and what accountability exists for the ongoing consequences of Project Glas and similar sales; and if he will make a statement on the matter. [4234/26]
View answerI propose to take Questions Nos. 392, 396 and 404 together.
As Minister for Finance, it would not be appropriate for me to comment on, or intervene in, individual cases.
In relation to the general points raised, it should be noted that creditors have the general right to assign, or sell the benefits and rights, under a credit agreement to another creditor.
When a creditor's benefits under a credit agreement are sold to another entity, the debtor's obligations and rights do not change. The terms of the agreement at the time of the assignment remain in place.
The entity which acquires the legal rights of a creditor under a credit contract with a consumer, or which services such an agreement, is within the regulatory remit of the Central Bank of Ireland. Accordingly, the Central Bank's consumer protection codes, including the Code of Conduct on Mortgage Arrears, continue to apply in the same way.
If a consumer is not satisfied with the way a regulated firm is dealing with them, or if the firm is not complying with regulatory requirements, the consumer should make a formal complaint directly to the regulated firm.
If the consumer remains unsatisfied, they can then refer the complaint to the Financial Services and Pensions Ombudsman (FSPO).
