Brian Cowen (Laois-Offaly, Fianna Fail)

I will bring this matter to the attention of the Office of the Financial Regulator as the Deputy requested and consider in what way its remit can be used to deal with institutions that are not in compliance with the Consumer Credit Act and the various consumer protection codes, which apply to all resident financial institutions. Some months ago we dealt with a Bill in which these issues were taken into account and in which we tried to provide for regulatory oversight of these institutions. All I can do is undertake to bring this to the attention of the Financial Regulator. The Deputy stated that she had done so already. In my discussions I will ask the representatives of the Office of the Financial Regulator to let me know the extent of the problem and possible remedies.

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