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
4:35 pm
Arthur Spring (Kerry North-West Limerick, Labour)
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I would agree with many of those who have contributed already on the issue of the interest rates. I believe there should be a cap on those rates. The Government must tackle this issue. Is there anything the Central Bank can do on that at the moment? If there are 360,000 customers of legal moneylenders, how many customers do the illegal moneylenders have?