Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

This legislation will force people to check the register. This is about compliance and making them do so. It is wrong to tar everybody with the same brush, as there is a role in society for moneylenders. However, I have major issues with the APR they charge and the behaviour of some moneylenders which I have reported to the Central Bank. If one does not have to check the register in giving a loan of less than €2,000, we are telling moneylenders this section does not apply to them, that they do not have to check whether a borrower has a good credit record. They can give the loan. That is the problem.