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

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Perhaps 2% or 3%. These people are charging 287% APR. I do not need a calculator to tell me there is something wrong in that respect. To get to the nuts and bolts, did the bank consider the cost of funding for the moneylenders?

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