Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Mr. Sibley might consider that the representative bodies would be involved.

Regarding personal contract purchases, PCPs, in the car finance area, we now have the Central Bank letter. We have the Competition and Consumer Protection Commission, CCPC, report and therefore we now have a handle on the scale of this new form of finance. It is very substantial at approximately €1.5 billion across approximately 126,000 PCP arrangements. The report we have contains good recommendations. The stand-out point is the fact that affordability checks currently do not have to be done, therefore, background checks on the consumer are not done, and there is no assessment whatsoever of the affordability of the product. There is a very obvious gap in that regard which needs to be corrected. Whose job is it now to bring about the application of the consumer protection code to PCPs?