Results 17,641-17,660 of 27,945 for speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: It is intended to allow for a situation where a loan owner, such as a fund, would seek to engineer a default, for example.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The Financial Services and Pensions Ombudsman can deal with any unresolved complaints against regulated financial service providers. Loan owners will be regulated, so this provision is not required.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: This goes back to the correspondence with the Central Bank. The question is whether the intermediary, if there is one, continues to be in place, and whether that intermediary should also be regulated as a credit servicing firm. We should ask the Central Bank for its views on that matter, because they will feed into this issue.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The view of the Department and the Central Bank is that primary legislation is not the place to provide for detailed statistics. I am happy to propose the deletion of section 12 as a result.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: I move amendment No. 3:In page 8, after line 41, to insert the following: “Short title, collective citation and commencement 13. (1) This Act may be cited as the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018.(2) The Central Bank Acts 1942 to 2015 and this Act may be cited together as the Central Bank Acts 1942 to 2018. (3) This Act shall come into operation on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: There is no intention to delay its commencement.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: It is a standard provision.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The Minister of State is not a Minister today.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: I move amendment No. 4:In page 3, to delete lines 7 to 9 and substitute the following: "An Act to provide for the regulation of credit servicing firms and for that purpose to amend the Central Bank Act 1997.". The Long Title is being amended to reflect the amendments made to the Bill. The Bill will take effect through amending the Central Bank Act 1997.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael McGrath: I thank the Chairman, colleagues, the Minister of State and the officials for their assistance on Committee Stage. Engagement on this matter must continue, including that between the Central Bank and the Department. The objective should be to reach an agreed position. I am anxious that we quickly move to Report Stage in the autumn in order to remove any uncertainty and get this done as...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael McGrath: I fully concur with the Chairman's comments on the funds and credit servicing agents. They should make themselves accountable by appearing before the committee. We should examine the available options to ensure such attendance.

Written Answers — Department of Finance: Tax Code (7 Sep 2018)

Michael McGrath: 98. To ask the Minister for Finance if the Revenue Commissioners invoke section 122(3) of the Taxes Consolidation Act 1997 in circumstances (details supplied); and if he will make a statement on the matter. [35581/18]

Written Answers — Department of Finance: Mortgage Data (7 Sep 2018)

Michael McGrath: 132. To ask the Minister for Finance the number of mortgages set to be sold by a bank (details supplied) as part of a project; the number of loans that are standard, variable, fixed rate and tracker mortgages; the number in each category that are performing; the number in each category that are adhering to the restructuring arrangement in tabular form; and if he will make a statement on the...

Written Answers — Department of Finance: Excise Duties (7 Sep 2018)

Michael McGrath: 164. To ask the Minister for Finance if it is possible to break down excise duty on alcohol based on final sale to the customer; the breakdown of excise duty on alcohol in each of the past three years by pubs, restaurants, hotels, off-licences and grocery and supermarkets; and if he will make a statement on the matter. [36603/18]

Written Answers — Department of Finance: European Bank for Reconstruction and Development (7 Sep 2018)

Michael McGrath: 167. To ask the Minister for Finance the status of the appointment of Ireland's directorship of the European Bank for Reconstruction and Development. [36647/18]

Written Answers — Department of Finance: Personal Contract Plans (7 Sep 2018)

Michael McGrath: 170. To ask the Minister for Finance the status of regulatory changes that have been introduced since the publication by the Competition and Consumer Protection Commission of its report on personal contract plans PCPs, specifically, if PCP providers will be obliged to undertake a credit assessment before issuing such products and if PCPs will fall under the Central Bank's consumer protection...

Written Answers — Department of Finance: Tax Reliefs Data (7 Sep 2018)

Michael McGrath: 171. To ask the Minister for Finance the number of share options that have been issued under the key employee engagement programme; the number of employees availing of the programme; the number of companies utilising the programme; and if he will make a statement on the matter. [36814/18]

Written Answers — Department of Finance: Tax Data (7 Sep 2018)

Michael McGrath: 172. To ask the Minister for Finance the breakdown of taxpayer units by single person, married persons or civil partners with one income and married persons or civil partners with two incomes for each gross income range, similar to that set out in the Revenue Commissioners' ready reckoner; and if he will make a statement on the matter. [36815/18]

Written Answers — Department of Finance: Universal Social Charge Data (7 Sep 2018)

Michael McGrath: 173. To ask the Minister for Finance the estimated full year cost of removing the 3% universal social charge, USC, levy for non-PAYE income over €100,000; the number of persons it would impact; and if he will make a statement on the matter. [36816/18]

Written Answers — Department of Finance: Tax Yield (7 Sep 2018)

Michael McGrath: 174. To ask the Minister for Finance the estimated full-year cost of reducing the effective tax rate on dividends to 32%; and if he will make a statement on the matter. [36817/18]