Oireachtas Joint and Select Committees
Wednesday, 23 February 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage
Seán Fleming (Laois-Offaly, Fianna Fail)
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I would be happy to do that. We will get the note back to the committee as quickly as possible, well before Report Stage. What we are capturing here is the providers of credit that are invisible in the system. There is no advertising. The companies that advertise are already captured. We talked about the situation where the seller of the goods is advertising. There could be an arrangement between the shop and the finance provider whereby the provider does not charge interest but charges commission and there is no advertisement involved. The purpose of this amendment is to ensure that the credit provider is also captured under this legislation. We will provide a note to the committee.