Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I acknowledge that Deputy Devlin has raised this issue with me on a number of occasions. He is raising an important matter regarding how consumers can be protected as they take out loans that could stretch across the duration of their life, given the cost can be uncertain and can grow. I recognise the very legitimate point he is raising. He is also correct that the Central Bank regulates them. When I requested the information in regard to the number of such loans, I was informed it is not published. Given the Deputy has raised it again, I will raise this with the Central Bank in the coming days and will see if we can get some information to indicate whether a low number of these loans are being taken out or whether it is a matter that needs greater focus and scrutiny. I will get back to the Deputy on it.

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