Oireachtas Joint and Select Committees

Wednesday, 23 February 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

It is already required that the information would be provided and what this allows is for the Central Bank to verify the information through the Department of Public Expenditure and Reform or the Department of Social Protection. The information is coming in, but it now allows the Central Bank to verify it, if it feels the need to verify it, with the Department that issues the PPS numbers. It is a double check back to where the PPS number originated from that it is a valid number in case somebody put in a false PPS number or there was an error in it. There is now a method for the Central Bank to validate the PPS number through the central credit register. That is essentially what is being done here.

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