Dáil debates

Thursday, 10 March 2022

Consumer Credit (Amendment) Bill 2022: Second Stage


2:50 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

APR, which is what exists already at 288%, and simple interest, which is in the Bill at 48%, cannot be compared. They are simply different ways of calculating interest. To make that suggestion is cringeworthy. The Minister of State should correct the record of the House.


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