Dáil debates

Thursday, 7 November 2013

12:15 pm

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

The Tánaiste will be aware that figures released this week show that the number of people accessing the services of moneylenders has increased since 2007 by 20%.

There are approximately 360,000 people in the State who access either legal or illegal moneylenders. The Tánaiste will also recall that my colleague, Deputy Pearse Doherty, brought forward a Private Members' Bill to try to cap the interest rates being charged by legal moneylenders. During the debate there was a general consensus on all sides of the House - although the Bill was voted down - that we needed to return to the issue in order to tackle high interest rates. Does the Government plan to publish legislation to tackle the issue of high interest being charged by legal moneylenders?

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