Oireachtas Joint and Select Committees

Wednesday, 9 March 2022

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

Consumer Credit (Amendment) Bill 2018: Committee Stage

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

A major player may have left the market but there are still 36 licensed operators in the market, with 32 actively providing credit in the market. One loss is significant because it was a substantial company but there are still 100 different registered products out there and available to people outside of those offered by the company that has left. It is important to point that out. We want to ensure the majority of the companies lending here to continue, although some might leave after we introduce a cap that is not there now.

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