Results 6,501-6,520 of 36,187 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: It is illegal for a moneylender to provide two loans for an individual until the loan has been cleared.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: There is a way around it. We have had situations where because of regulations and restrictions in credit unions people have moved towards moneylenders. We must ensure this legislation applies to moneylenders, as it does to any other regulated financial institution. It is very hard to dispute that the €2,000 limit above which lenders must check the credit worthiness of borrowers...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I feel strongly about this and I do not want to delay the committee but we have drafted legislation which provides that a regulated sector of the financial services industry is not subject to its main provision. This needs to be amended to capture the essence of this issue rather than providing for a review. The Minister of State made a valid point that this would be onerous on all other...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: They can but they do not. They have no history. Provident Personal Credit is not contacting the ICB to check me out. The company can do that if it wants but its interest is to provide me with a loan because its interest is profit and next week the company's agent will call to my house looking for the first instalment of the repayment. The legislation is about forcing them to check.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: Then they are breaking the law.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: When this Bill is enacted, if I apply for a loan in excess of €2,000 and the financial institution does not consult the credit register, it will be in breach of the legislation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I take the Minister's point about the amendment. This arises under section 17, detailing the purposes for which the information may be used by credit information providers. It was not so long ago that many people, including me, got phone calls from financial institutions telling me that an overdraft had been extended again and again. At one stage we figured out that between overdrafts and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: Exactly. That is the intention.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I thank the Minister of State for pointing out that provision. We can consider for what purposes the information is allowed to be used by a financial institution, and the Minister of State correctly listed the five purposes. All the subsections stand alone but we can consider subsection (b), "evaluating the risk of affording or extending credit to". That is a stand-alone measure. A...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I appreciate that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I thank the Minister of State.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I move amendment No. 63: In page 19, between lines 36 and 37, to insert the following subsection: “(5) A credit information subject shall be issued with a record of his or her credit information once a year at no cost to him or her.”.This amendment allows credit information subjects to have access to their own information on the register each year on a free basis. The Minister...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I appreciate what the Minister of State said and I will withdraw the amendment.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I welcome that and agree entirely with the Minister of State because it is important that people know exactly what is involved. It will help with prudent lending and prudent borrowing as well. When will the regulations appear setting the fees for subsequent reports? I believe the fees could vary.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: I do not have an issue with the substantive issue of the agreement brokered by Greece, whereby the interest on loans extended to Greece by member states would be reimbursed to the Greek authorities. I do not think that other member states should be profiting from loans advanced to Greece. However, I do have a difficulty with inserting an amendment into this legislation on Report Stage,...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Pearse Doherty: The Minister of State is in danger of having the Report Stage debate on this Bill, which is very important legislation, dominated by an issue which is just being torpedoed in. That is very regrettable. It has always been the intention of this State to exit the bailout at the end of this year. That was the aim of the original bailout. The agreement reached with Greece was finalised over a...

Written Answers — Department of Finance: Credit Unions (24 Oct 2013)

Pearse Doherty: 60. To ask the Minister for Finance if he will provide an update of the situation in Maynooth Credit Union following the court ruling of 18 October 2013; and if the ruling affects the situation at Newbridge Credit Union. [45350/13]

Written Answers — Department of Finance: Tax Code (24 Oct 2013)

Pearse Doherty: 67. To ask the Minister for Finance with regard to each measure of the ten point tax reform plan to help small business, if he will detail the impact including levels of take-up, cost to the State, and the number of additional jobs created. [45395/13]

Written Answers — Department of Finance: Tax Residency Issues (24 Oct 2013)

Pearse Doherty: 70. To ask the Minister for Finance if he or his Department has received from the French Government or any other government a list of suspected tax evaders; and if he will make a statement on the matter. [45437/13]

Written Answers — Department of Jobs, Enterprise and Innovation: Employment Data (24 Oct 2013)

Pearse Doherty: 123. To ask the Minister for Jobs, Enterprise and Innovation the number of jobs created, the number of jobs lost and the net change in employment in enterprises supported by Enterprise Ireland, IDA Ireland and county enterprise boards for each year since 2009; and the targets for gross and net jobs growth for each body for 2014. [45392/13]