Paschal Donohoe (Dublin Central, Fine Gael)

I thank the Minister of State for his detailed response. I am not suggesting the entire industry is performing in the way I described in the case that came to my attention. However, other individuals in this sector have also come across such difficulties but, thankfully, have not resulted in the tragedy I encountered.

I suspect there is an effective process in place for registration but not for regulation. A change is occurring where parts of the sector in question are morphing into debt intermediaries, a business which takes on people's debt, restructures it and then charges them for doing so. The point I am making would then have greater applicability because one would be dealing with people who would be far more vulnerable than people who are applying to take on a mortgage or debt in the first place.

I will return to this matter in the future. I appreciate the Minister of State's reply.

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