Fianna Fáil has said Government fears that its new mortgage arrears bill is not constitutional are ill-founded and a convenient excuse to block the legislation.
The partys finance spokesman, Michael McGrath, who is bringing the bill, is seeking to remove the veto banks have on those seeking to stay in their homes. He says the legislation is geared at keeping people in their homes.
Mr McGrath said there is an inherent unfairness in how banks and homeowners are being treated when it comes to mortgage resolution, and that this is leading to families unnecessarily losing their homes.
The bill was debated in the Dáil last night and, in advance of the debate, Mr McGrath said the current system is not working.
At present, there are over 76,000 …
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