Michael McGrath (Cork South Central, Fianna Fail)

It is clear from that report that the level of compliance among licensed moneylenders is quite good but the issue is the plethora of unlicensed moneylenders. There was a commitment in the programme for Government to regulate this area tightly. Perhaps the Minister might elaborate on what he had in mind in that regard. Is it to bring in new measures which would bring into the net many of those unlicensed moneylenders or is he planning an even tighter regime in regard to those currently licensed and regulated by the Central Bank?

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