Joan Burton (Dublin West, Labour)

That does not answer the point that this area is not regulated by IFSRA. We have set up an expensive and extensive regulation model. However, a letter in my possession from the Director of Consumer Affairs indicates that the only powers of oversight that exist are in regard to the Consumer Credit Act 1995. Will the Minister agree to extend the powers of IFSRA specifically to cover this area, as recommended in the McDowell report?

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