Oireachtas Joint and Select Committees
Thursday, 15 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
11:00 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
So it is a crime.
It is interesting that the commission's actions in this field have been with its competition hat on.
What about the consumer side? Surely this is as much a consumer issue. In terms of financial services, does the Competition and Consumer Protection Commission, CCPC, give way to the Central Bank? Wearing its consumer protection hat, has the CCPC discussed this matter with the Central Bank? Does the latter's mandate over financial services need to be removed? This may be a wider question but, in light of the tracker scandal, the mortgage rip-off and so on, that appears to be the case.
Is there a conflict of interest in the regulator also being the consumer protection body? As consumers, what rights do drivers have to query 100% or 200% increases? How does the consumer protection part of the CCPC represent them?
No comments