Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2024-10-03
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Bernard Durkan (FG), Kildare North

I again bring to the attention of the House the activities of Pepper Asset Management. Some of its operatives are behaving in a very aggressive manner in the pursuit of vulnerable long-term borrowers who, for compelling reasons, were not able to service their loans. Those loans were sold to vulture funds, some at a fraction of the face value, but people are now being pursued aggressively for the full face value and arrears, leaving them with no option other than to become homeless, in which case they do not qualify for local authority housing. Those people become homeless to facilitate the vulture funds. I am asking that the licence issued by the Central Bank be reviewed and the activity of this organisation be reviewed as a matter of extreme urgency.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2024-10-03/debate/main
Retrieved: 2026-08-14T04:53:18+00:00
Sitting date: 2024-10-03