Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

First, it is a directive, so transposition is a requirement. We will transpose the directive by means of a ministerial order in the coming weeks and active work on that is ongoing. We already have a very well established body of law to protect the rights of consumers. We have the 2015 Act, amended by the 2018 Act. In many respects what the EU is doing here is catching up with what countries like Ireland have already done by ensuring that where loans are sold, the statutory protections and system of regulation continue to apply.

The Deputy has raised a specific issue on the role of debt collection agents. I will take that away and examine what he has said on the record in that regard and come back with a formal response.

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