120. Deputy Ken O'Flynn asked the Minister for Finance if he is aware that insolvency cases have reportedly increased by approximately 20% this year; if he will address the fact that investment funds such as (details supplied) continue to charge mortgage interest rates of over 7%, significantly higher than the pillar banks, despite recent ECB rate reductions; if he will outline the measures being considered to ensure such companies bring their rates in line with the broader market, particularly in light of the ongoing cost-of-living crisis; if he will confirm whether he is considering regulation or policy action to protect mortgage holders, particularly working families, from disproportionate and predatory interest rates; the reason such entities are not required to offer fixed-rate products to customers; and if he will make a statement on the matter. [27833/25]

Summary

120. Deputy Ken O'Flynn asked the Minister for Finance if he is aware that insolvency cases have reportedly increased by approximately 20% this year; if he will address the fact that investment funds such as (details supplied) continue to charge mortgage interest rates of over 7%, significantly higher than the pillar banks, despite recent ECB rate reductions; if he will outline the measures being considered to ensure such companies bring their rates in line with the broader market, particularly in light of the ongoing cost-of-living crisis; if he will confirm whether he is considering regulation or policy action to protect mortgage holders, particularly working families, from disproportionate and predatory interest rates; the reason such entities are not required to offer fixed-rate products to customers; and if he will make a statement on the matter. [27833/25]

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