Oireachtas Joint and Select Committees

Thursday, 4 October 2018

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

Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland

9:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

On credit card interest rates, we have recently seen some credit card companies charging in excess of a 25% interest rate. Every single day there are more and more credit card transactions as we are on the way to having a moneyless society, with tap and go facilities. When we think about the billions of euro spent by credit card and the fact that the companies receive a percentage of turnover-----

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