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

The imperative in the Bill is that the owner would need to be regulated, that is the person in charge calling the shots. Deputy Doherty's key point is that if there is a credit servicing firm in the traditional sense and there is a separate loan owner that both should be regulated, because the interaction is between the consumer and the credit servicing firm, or middle man. I will reflect on that and review it. We do not want to allow any gap but the overall objective is that the owner would become regulated.