Results 11,041-11,060 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: But in forcing them, they could ignore it.

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

Brian Hayes: No, it is their decision as I understand it.

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

Brian Hayes: I am trying to work out the average amount of loans given in this sector and how significant an issue is this. The view we have is that if this is made so onerous on this regulated sector of the financial services industry, albeit one that provides a niche service, the unintended consequence could be to drive people towards a more unscrupulous group of people.

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

Brian Hayes: The rate at which the money is obtained is the cost of the risk.

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

Brian Hayes: I can furnish the Deputy with the report.

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

Brian Hayes: It is an independent entity and it has no legal standing-----

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

Brian Hayes: Yes.

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

Brian Hayes: Moneylenders do not report to the ICB.

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 regulated by the Central Bank but I will check the position on reporting.

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

Brian Hayes: I move amendment No. 35: In page 14, subsection (5), line 14, to delete "and to the impact on credit information subjects" and substitute the following:", the implications for the effective and efficient operation of the Register and the effect on credit information providers and credit information subjects".

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

Brian Hayes: I move amendment No. 36: In page 14, subsection (2), lines 30 and 31, to delete all words from and including "any" in line 30 down to and including "person" in line 31 and substitute "the information".This proposed amendment deletes the word "any" in the section in question as the inclusion of this word may narrow the application of subsection (1) too tightly, since credit information...

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

Brian Hayes: I move amendment No. 38: In page 15, subsection (7), line 4, to delete "and to the impact on credit information providers" and substitute the following:", the implications for the effective and efficient operation of the Register and the effect on credit information providers and credit information subjects".

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

Brian Hayes: I move amendment No. 39: In page 15, subsection (1)(b), line 16, to delete "agreement made with" and substitute "application made to".The proposed amendment to subsection (1)(b) ensures that credit information providers have access to a guarantor's record on the register at the application stage of a loan backed by that guarantor, so they can assess the credit risk involved as accurately as...

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

Brian Hayes: I move amendment No. 40: In page 15, subsection (2)(a), lines 26 and 27, to delete "agreement, or" and substitute the following:"agreement or has requested any other credit information provider to change the nature or term of any other credit agreement or a guarantee or indemnity given in connection with any other credit agreement, or".Amendments Nos. 42 and 43 are with regard to subsection...

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

Brian Hayes: I move amendment No. 41: In page 15, subsection (2)(b), line 29, after "agreement" to insert the following:"or any other credit agreement made with any other credit information provider".

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

Brian Hayes: I move amendment No. 42: In page 15, subsection (2)(b), line 30, after "agreement" to insert "or any other such credit agreement".

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

Brian Hayes: I move amendment No. 43: In page 15, between lines 31 and 32, to insert the following subsection:"(3) A credit information provider may make an application to access any information held on the Register which relates to the credit agreements made by the credit information provider.".

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

Brian Hayes: I move amendment No. 44: In page 15, subsection (3), line 33, to delete "or (2)" and substitute ", (2) or (3)".

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

Brian Hayes: I move amendment No. 45: In page 15, subsection (4), line 36, to delete "any".

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

Brian Hayes: I move amendment No. 46: In page 15, subsection (5), line 38, to delete "any".