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

4:35 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I would agree with many of those who have contributed already on the issue of the interest rates. I believe there should be a cap on those rates. The Government must tackle this issue. Is there anything the Central Bank can do on that at the moment? If there are 360,000 customers of legal moneylenders, how many customers do the illegal moneylenders have?

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