Oireachtas Joint and Select Committees

Tuesday, 23 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Report on Local Public Banking: Discussion

1:30 pm

Ms Anna Marie Finnegan:

The purpose of the central credit register is to make good quality information available to lenders, including credit unions. When they are underwriting or making loan decisions, they must have access to information on all outstanding exposures that an individual borrower might have and on their historical experience with previous debt. That does not specify what decision has to be made. It is just information to inform the credit decision.