Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I copied the Minister on a letter which Deputy Mac Lochlainn and I sent to the enforcement section of the Central Bank. In the letter, we summarised how, in December 2014, after receiving information from whistleblowers via us, the Central Bank fined Provident Personal Credit €105,000 "in respect of consumer protection failures relating to money lending loans". The charges against Provident were very serious: it was preying on very vulnerable people. I wrote to the enforcement section of the Central Bank because Provident has terminated the contracts of all five of the whistleblowers who sent the information to me and thence to the Central Bank. What does the Minister intend to do? This sends a very bad signal to whistleblowers in financial services. Does the Minister propose to take any action? Does he propose to engage with the Central Bank or the licensed moneylender?

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