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
4:05 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
They are similar questions. Are they operating a cartel and is there a relationship between them? What bad debt provisions exist for moneylenders versus ordinary banks? It is disturbing and shocking that any body charges nearly 300% APR. That is being charged when people cannot afford it. Did the bank consider how they come up with cost of funding?
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