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
3:45 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
We can safely say that approximately 80% of people are servicing their loans. If one operates on the basis that risk in lending is determined by the interest rate and that 80% of loans are performing, why is the Central Bank allowing such a high interest rate to operate in the market?
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