Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

2:50 pm

Mr. John Hogan:

Ultimately, it comes back to two things. There is the unfair contracts legislation which Mr. Reid can refer to if he has the particular provision, but also the rapid movement of the interest rates as alluded to by the Deputy would be seen as being detrimental to the borrower and it would be on that basis that an appeal would be made.

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