Oireachtas Joint and Select Committees
Wednesday, 29 January 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Report on Licensed Moneylending Industry: Central Bank of Ireland
4:25 pm
Aodhán Ó Ríordáin (Dublin North Central, Labour)
Link to this: Individually | In context | Oireachtas source
I welcome the delegates. The report is interesting, as is much of the information given in response to questions. We had all assumed the Central Bank was in the business of ensuring people were not exploited. When the Central Bank engages with people on the receiving end of these loans, whom it states it is trying to protect, how do the delegates describe an APR of 287%?