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

5:05 pm

Mr. Bernard Sheridan:

Yes. I will definitely speak to the registrar. Obviously, I cannot commit on her behalf as to what we might do. To reiterate, I have discussed with her the restrictions being imposed. I am aware the committee has raised a more specific point about people in arrears who are with a credit union and cannot get additional loans. The restrictions have been targeted at the higher value loans so that they are not hitting the smaller value loans. At least in theory the registrar is trying to ensure that is not causing problems in terms of moving for people who are with moneylenders. That is one of the objectives. The specific issue raised today is another angle to that, and I will discuss it with her in terms of what we can do.