Results 11,061-11,080 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: I move amendment No. 47: In page 15, lines 43 to 46, to delete subsection (7).The proposed deletion of subsection (7) is necessary as the provision is superfluous. The Central Bank of Ireland falls within the definition of a public authority under the Statistics Act 1993 and is subject to the provisions of the Act relating to the collection of statistical information from public authorities...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: An individual can access his or her own information.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: It would be possible for someone to access information with the consent of the credit information subject.
- 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: Yes.
- 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: I move amendment No. 48: In page 16, paragraph (b), lines 4 and 5, to delete all words from and including “the” in line 4 down to and including “taking” in line 5 and substitute the following:"any risk arising from the affording or extending of credit to, or the taking of".Amendment No. 48 and the substituted version of paragraph (c) are designed to remove 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: Generate more business.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: I understand. Section 17 deals with the matter in that it sets out the purposes for which the information can be used by the credit information provider. The purposes are set out in subsections (a) to (e). These include: verifying information provided in or in connection with a credit application; evaluating the risk of affording or extending credit to, or taking a guarantee or indemnity...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: The Deputy makes a valid point. The subsection states, "evaluating the risk of affording or extending credit to,", which is neutral. The Deputy is correct in that it stands alone. The term is open-ended and continues, "taking a guarantee or indemnity from, a credit information subject;". We should examine the language as it must be more explicit.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: That would require an amendment to section 17. We will consult and I give my word that before we come back on Report Stage, I will revert to the Deputy on the issue before we take action.
- 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. 50: In page 16, lines 7 to 14, to delete paragraphs (c) and (d) and substitute the following:"(c) evaluating any risk arising from any changes to the nature or term of a credit agreement, or to a guarantee or indemnity given in connection with a credit agreement; (d) monitoring any failure to comply with any obligation under a credit agreement or a guarantee or indemnity...
- 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. 51: In page 16, paragraph (e), line 18, to delete “made.” and substitute the following:"made; (f) analysing the nature of the credit information provider's portfolio of credit agreements.".
- 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: We believe it is covered. It requires the consent of the individual concerned, and I understand that is already covered.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: I will have to take advice on that and refer back to the Deputy, because how could the person consent in that case?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: I accept that point.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: We will look at that. I will be seeking advice on privacy as well. There would be privacy issues around this.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: The point the Deputy makes is valid. We will have a look at that again to see if it needs to be tweaked.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)
Brian Hayes: We will also take a look at the advice from the National Consumer Agency.