Enda Kenny has today pledged to “name and shame” those lending institutions that breach mortgage codes of conduct.
Speaking in the Dáil about the issue, Fianna Fáil’s Seán Ó FearghaÃl said that “it was not acceptable that the Central Bank today reported that seven mortgage lenders had breached the code of conduct.”
And, according to Mr Ó FearghaÃl, none of the banks were named, nor were the specific breaches revealed.
The Taoiseach said that the Central Bank is in charge of handling the issue of banks flouting the rules, and so the Central Bank will decide what is the best course of action. Mr. Kenny said that sanctions would be likely.
