Vulture funds halt preying activities until current legislation update is completed – TheLiberal.ie – Our News, Your Views
September 23, 2018

Vulture funds halt preying activities until current legislation update is completed

A number of vulture funds have temporarily halted their preying activities in Ireland, until a review of legislation concering their regulation is complete.

The move comes after a Fianna Fail-driven proposal to tighten regulations around how vulture funds can operate in the country.

There was huge public backlash a few weeks ago after Permanent TSB and Ulster Bank announced that they’d be selling huge tranches of ‘non-performing’ home loans to the highest bidding financial entity.

It is widely suspected that these loans would have ended up in the hands of vulture funds, which might have led to mass evictions.

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