Oireachtas Joint and Select Committees
Wednesday, 29 January 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Report on Licensed Moneylending Industry: Central Bank of Ireland
4:05 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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Perhaps 2% or 3%. These people are charging 287% APR. I do not need a calculator to tell me there is something wrong in that respect. To get to the nuts and bolts, did the bank consider the cost of funding for the moneylenders?