Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Costs of Motor Insurance: Discussion (Resumed)

10:00 am

Mr. Bernard Sheridan:

As I said, we do not control the interest rate per se. We have no powers to control that. Our role is in bank charges per se. They are free to charge whatever rate they want. It must be disclosed to the consumer, so he or she knows in advance what he or she will be paying.

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