‘Protect tenants from vulture funds’

Political parties have called for action to protect home-owners, small businesses, and tenants from vulture funds.

Two hundred families are facing eviction from a Dublin housing estate, since a vulture fund moved against a developer.

Fianna Fáil finance spokesperson, Michael McGrath, said citizens must be protected from these vulture funds, who have already used “underhand tactics to trigger default on the part of borrowers, in an attempt to gain control of very valuable assets”.