Mr. Colm Kincaid:

The scope of the Act covers moneylenders and, as it is operationalised, the initial focus will be on the banks. There is a limit of €500 to which the Deputy referred. Moneylenders are within the scope of the Act, but, as Mr. Sheridan said, there is a period of time before the register is set up and operationalised. There is a lot moneylenders can do in the meantime in terms of improving the creditworthiness assessments. We want to see them do this.