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

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5:05 pm

Mr. Bernard Sheridan:

We do not have the power to do it. The Consumer Credit Act deals with this specifically and sets out what we must take into account in the annual licensing process, which is in respect of the word "excessive" rather than imposing a cap.

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