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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This is an important point. The Central Bank has admitted there are effectively no bad debts in the industry. People are being put in a cycle of debt upon debt from which they cannot escape. Is the Central Bank standing over the process?