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

3:55 pm

Photo of Thomas ByrneThomas Byrne (Fianna Fail) | Oireachtas source

I share the Chairman's concern that the issue of interest rates has not been dealt with. Personally speaking I have no problem with credit provided by catalogue firms or electrical or furniture companies, which are well known companies that are doing a good job. While people may pay a lot for what they purchase, they might not be able to get their products otherwise. While there may well be issues around the interest rates in respect of that type of credit, many people benefit from these companies.

How many unlicensed moneylenders has the Central Bank dealt with recently?

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