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Gaps in the regulation of vulture funds came to light this week, raising concerns about the Central Bank’s ability to regulate such firms

A law introduced five years ago to protect mortgage borrowers whose loans were sold to so-called vulture funds came into the spotlight this week as gaps in foundation of the regulation have left consumers in the lurch.

The issue only made headlines after a consumer, who took a case to the Financial Services and Pensions Ombudsman (FSPO) complaining of poor treatment by the company servicing her mortgage, was told she could not be helped.

The …

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