There was a report on the radio today which seemed to suggest that it is easier to get deals from vulture funds than from banks. But I may have misheard it. I suspect that they were referring to this report in the Examiner. Vulture funds to avoid tougher regulations despite arrears review Overall, the review for the minister found that for borrowers who engage with mortgage arrears process, the code is working “effectively”. Moreover, there is no evidence borrowers whose situations have not changed are being moved off their current loan arrangements by unregulated entities. The review of the code of conduct on mortgage arrears (CCMA) included a discussion with consumer groups, state agencies as well as Central Bank inspections of credit firms as well as one bank. The Central Bank also looked at data relating to unregulated loan owners (ULOs) and whether they were active in repossessions. The Central Bank has committed to the minister to continue to monitor the use of the code, unregulated lenders such as vulture funds and they will track how borrowers are being treated.