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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5:15 pm

Mr. Terry Murphy:

Under the Consumer Credit Act moneylenders are not allowed to apply any additional charges other than the original contracted amount, unless they had to recover legal costs if they had to take a court case.

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