Paschal Donohoe to meet FF over fund concerns

Finance Minister Paschal Donohoe is to discuss demands from Fianna Fáil that vulture funds be regulated after concerns about Permanent TSB selling off 20,000 mortgage loans.

Fianna Fáil’s Michael McGrath wants the Government to enact as a “priority” proposed legislation to regulate funds amid concerns over the sale of the loans. His bill will be published today.

PTSB is lining up the sale of billions of euro worth of loans. There is concern the Central Bank has no supervision over unregulated firms buying up these debts.