Results 11,001-11,020 of 11,861 for speaker:Brian Hayes
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: The information remains on the register.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: My understanding is that in the original draft there was a mistake.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: This captures it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Was the Deputy trying to be polite?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: That is a first.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: My understanding is that if a mortgage is restructured, that information will be given to the register and the performance will be reflected in it. There is no suggestion the information will not be captured.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: It will be updated. If one restructures, it will take account of one's new position. If it is performing under the restructuring arrangement, that information will be captured.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: We might seek clarity from the Central Bank on it in advance of Report Stage, if it needs to be clarified-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: -----but our understanding is that there is information capture. In a sense, it is not real-time information. It applies to a two-year period. If what Deputy Pearse Doherty is trying to achieve, with which we agree, requires a further definition, we will look at the issue. We will get the view of the bank in advance of Report Stage.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: I do not propose to accept Deputy Pearse Doherty's amendment. It is not necessary to have an adjudicator as the relevant provisions of the data protection legislation of 1988 and 2003 will apply to the Bill. When a credit information subject seeks an amendment to correct information held on the register as it relates to him or her, he or she must inform the Central Bank. The Central Bank...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Consumers and SMEs with a turnover of less than €3 million.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Yes, because the Deputy would be a consumer.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Yes, because under the two Acts to which I referred, namely, those of 1988 and 2003, there is that power currently.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: It could not be libellous.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: My understanding from colleagues is that a short explanation of not more than 100 words would apply considering the subject’s credit information held on the register. The bank is obliged to include this information on the register.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Yes, once it is not libelling anyone. If there is libel, I presume action could be taken.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Once the turnover is under €3 million.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: My understanding is that all individuals will be captured.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: They are excluded. Corporates with a turnover of more than €3 million will be excluded.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: Where there is a turnover of more than €3 million, one is talking about legal action before the courts. Individuals would attempt to have the information clarified in the courts. Such recourse would not be available to the person with a small turnover. The objective is that the information commissioner would be the sole person with the information in that regard. That is why the...