Results 33,521-33,540 of 34,956 for speaker:Seán Fleming

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: I am happy to provide that. It is really so they can verify it back with the issuing Department because there can be mistakes in PPS numbers, and I believe that we all know that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: Their gathering of the information is a separate process and is connected to the granting of the credit. It is gathering information they have on the file so they can do the types of reports the Deputy had suggested earlier on, and that they would have valid and accurate information. The information is not needed as part of the regulatory and reporting function, and it is not part of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: They would be captured under existing arrangements in terms the central credit register mechanism, now that these come in under it. Up to now those arrangements would not have been authorised by the Central Bank, and now they will be from here on in once the legislation is commenced.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: Loans below that will continue to be loaned outside of that reporting structure. We are not changing that level. If there is non-payment or default on those smaller loans, they are not captured under the current or this proposed legislation.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: The Deputy is now giving a good suggestion as to the value of getting the PPS numbers so we can accumulate those loans. That information cannot be collected or verified-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: They are still excluded for figures under €500 with regard to the central credit register. Those loans and defaulted loans under that are not captured currently and it is not planned that this would change either. That concern is there for people with small or multiple loans and it is not addressed in this legislation. As the Deputy has said, it is a broader issue across all credit...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: The only people who can get that information now is the person can always obtain his or her own information, and the lender when it receives the application for the loan from an individual, or if they are restructuring an existing loan. They can only do it and access it in those circumstances; that is the lender on application or the restructuring of a loan, or the individual who can always...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: There is. It is not specific to this. The Credit Reporting Act currently deals with that. Those measures are in place under existing legislation. As I have said, it is very limited, and the lender can only make a request for information when it has a current application for a loan. The lender cannot do it in credit checks for any other purpose, and only at the time when there is an...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: Deputy Doherty’s amendment concerns BNPL credit products and it appears that its primary purpose is to cause a report to be produced by the Central Bank that would, having assembled and analysed the data sought, make recommendations to address the issued examined. Presumably the expectation is that, taking account of regulatory measures adopted elsewhere, there would be a...

Seanad: Credit Union Sector: Statements (2 Mar 2022)

Seán Fleming: I am delighted to have the opportunity to take part in this debate. This is my second visit to the Seanad in a week to discuss credit unions. I am encouraged to see the work of the credit union sector being given such prominence in public debate. I watched with interest the Seanad debate on the future of banking that took place in May 2021. I noted at the time that the role credit unions...

Seanad: Credit Union Sector: Statements (2 Mar 2022)

Seán Fleming: I thank all the Senators who have contributed to the debate. It is clear that everybody who has spoken has a deep personal knowledge of, interest in and commitment to the credit union movement. We are reflecting this in the programme for Government. For the first time ever, a Minister of State has been given dedicated responsibility for the credit union movement. I have mentioned the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage (23 Feb 2022)

Seán Fleming: It would be normal for people to provide details of their income on any application for finance, including their PPS number.

Written Answers — Department of Children, Equality, Disability, Integration and Youth: Emergency Accommodation (2 Mar 2022)

Seán Fleming: 138. To ask the Minister for Children, Equality, Disability, Integration and Youth if he will report on the situation in relation to the provision of emergency accommodation for persons arising from domestic abuse at a location (details supplied); and if he will make a statement on the matter. [11884/22]

Written Answers — Department of Health: Health Services (2 Mar 2022)

Seán Fleming: 158. To ask the Minister for Health his plans in relation to the restoration of services at a location (details supplied); and if he will make a statement on the matter. [11804/22]

Written Answers — Department of Health: Public Procurement Contracts (8 Mar 2022)

Seán Fleming: 670. To ask the Minister for Health further to Parliamentary Question No. 220 of 16 February 2022, the current position in relation to the tender process (details supplied); and if he will make a statement on the matter. [12955/22]

Written Answers — Department of Agriculture, Food and the Marine: Forestry Sector (8 Mar 2022)

Seán Fleming: 765. To ask the Minister for Agriculture, Food and the Marine if an extension to the planting licence on lands (details supplied) will be granted; and if he will make a statement on the matter. [12618/22]

Consumer Credit (Amendment) Bill 2022: Second Stage (10 Mar 2022)

Seán Fleming: I move: "That the Bill be now read a Second Time." The main purpose of this Bill is to provide for the introduction of caps on the cost of borrowing under a moneylending agreement. While the moneylending industry has been contracting in recent years, it remains an important source of credit for a significant number of people. To give Deputies a sense of the market, according to Central Bank...

Consumer Credit (Amendment) Bill 2022: Second Stage (10 Mar 2022)

Seán Fleming: I thank all the Deputies for their time and interest in contributing to the debate on this Bill. As I mentioned earlier it is my intention to seek an early date for consideration of the Bill at the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach, where we will constructively engage with the Deputies on any proposed amendments. In the meantime my officials and I...

Consumer Credit (Amendment) Bill 2022: Second Stage (10 Mar 2022)

Seán Fleming: The Opposition-----