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

5:15 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

The fact is that there is a cap in place. It is 287%. That is the existing cap. People are suggesting there should be a cap put in place but at present the cap is 287%. The question is whether that is acceptable.

I thank Mr. Sheridan, Mr. Murphy and Mr. Kincaid for appearing before the committee and for the briefing and the discussion. Certainly, it was very informative and, I imagine, a topic we will be returning to again.

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