25. Deputy Bernard J. Durkan asked the Minister for Finance if, directly or through the Central Bank, it has been found possible to exert influence on lenders who have applied compound interest in respect of mortgages in arrears thereby shifting responsibility for excessive borrowing onto the borrower, notwithstanding the fact that the lenders themselves greatly contributed to the banking crisis; if efforts have been or can be made to discourage the imposition of compound interest especially where borrowers are making reasonable efforts to make payments within their means in respect of the family home; and if he will make a statement on the matter. [27622/16]

Summary

25. Deputy Bernard J. Durkan asked the Minister for Finance if, directly or through the Central Bank, it has been found possible to exert influence on lenders who have applied compound interest in respect of mortgages in arrears thereby shifting responsibility for excessive borrowing onto the borrower, notwithstanding the fact that the lenders themselves greatly contributed to the banking crisis; if efforts have been or can be made to discourage the imposition of compound interest especially where borrowers are making reasonable efforts to make payments within their means in respect of the family home; and if he will make a statement on the matter. [27622/16]

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• Mortgage Arrears Proposals

  xml · EN · 29 September 2016

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