Kieran O'Donnell (Limerick East, Fine Gael)

The Minister has provided a technical explanation for the amendment. The status of retail credit firm was introduced to provide security to those who borrow on the sub-prime market. The first circumstance in which an exemption may be given is where large loans are provided to borrowers who have sufficient legal and technical advice. This runs counter to the spirit of providing security across the board. What is the specific reason for introducing the amendment?

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