Govt. “failing” those in difficulty - McGrath

Independent TD Mattie McGrath
Independent TD Mattie McGrath has called on the Minister for Finance, the Central Bank and the Financial Regulator to investigate as a matter of urgency the practices of unregulated agents who, acting on behalf of banks are demanding rent and personal details from tenants, including their PPS number and bank account details.

Independent TD Mattie McGrath has called on the Minister for Finance, the Central Bank and the Financial Regulator to investigate as a matter of urgency the practices of unregulated agents who, acting on behalf of banks are demanding rent and personal details from tenants, including their PPS number and bank account details.

Deputy McGrath was speaking after it came to his attention that a young family were subjected to a horrifying ordeal on Holy Thursday night when agents acting on a Bank entered a house while the tenant was out. When the tenant who is a young mother returned with her two and a half year old daughter she found two individuals changing the locks. The men fled before the Gardaí arrived.

“It is incidents like these that I as a public representative am increasingly becoming aware of. I call on the Minister for Finance and the Financial Regulator to act decisively on this issue. At a bare minimum the Government needs to introduce significant new controls on bank directors and receivers if receivers are appointed in error or if receivers acting on behalf banks break the law”.

Deputy McGrath further observed that despite all the bluff and rhetoric of the Government in relation to protecting those in difficult economic circumstances, it was categorically failing to do so.

Deputy McGrath concluded by once again urging the Minister to come to grips with the shocking and disturbing practices that banks are actively engaging in on the ground.

“It is practices like those that have come to my attention recently that further convince me that simply trusting the banks to do the right thing by their customers is an exercise in futility. We must act now to limit the ability of the banks to act through intermediaries in ways that remain consequence free for them, but is traumatic for the individuals and families involved.”