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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
However, the Minister of State is legislating for a moneylender to charge €1,560 for €1,000 of credit. That is €560 of interest when a credit union charges €60 interest. In fairness, that is not what is required here. It is €560 of interest for a moneylender when a credit union charges €60. That is the fundamental difference.
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