Tepid recommendations do little for real problems

This mortgage arrears report was cynically spun, writes Bill Hobbs

Recommendations of this Government’s “expert group on mortgage arrears and personal debt” will be about as effective as a foot pump on the Titanic. Published last week, the group’s interim report leans far too much in favour of the lender and fails to address the core issue of a massive consumer debt problem.

Written by a group dominated by government, banking and regulatory interests, the report is a banker’s and not a consumer arrears charter.