Financial Services

Dáil Éireann Debate, Wednesday - 20 May 2026

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Wednesday, 20 May 2026

Questions (67)

Michael Fitzmaurice

Question:

67. Deputy Michael Fitzmaurice asked the Tánaiste and Minister for Finance if a company (details supplied) which is commonly called a vulture fund is a licensed credit servicer, licenced by the Central Bank and is acting as a credit purchaser whereby it purchases distressed loans from the banks, if it is not a licensed credit purchaser, if it is breaking the law; and if he will make a statement on the matter. [38097/26]

Written answers

Tánaiste and Minister for Finance

The Central Bank of Ireland maintains registers of all financial service providers regulated by it and these are available online at 'registers.centralbank.ie'. 

The Central Bank has confirmed that the entity referred to by the Deputy is authorised as a ‘retail credit firm’ and that, by virtue of such an authorisation, it is authorised to carry out credit servicing activities as set out in the Central Bank Act 1997.

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