Fianna Fáil: Put borrowers back in the driving seat

Fianna Fáil said today that banks will be allowed to act as "judge, jury and executioner" in cases of those seeking debt deals.

The party's proposing the establishment of an "independent mortgage resolution office" within the Personal Insolvency Service which can apply a series of measures including permanent interest rate reductions, longer payment terms or, in some limited circumstances, debt write downs.