Results 28,741-28,760 of 35,924 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: We all make mistakes, but it is quite a big one in the report that 77% of respondents, of 500 people surveyed, suggested they had been refused credit. Today, the Central Bank confirmed the figure was 25%. It is quite a big difference and I am surprised at the information. I am glad that it has been corrected, but the written report should also be corrected. During the debate on Committee...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: Go raibh maith agat. Cuirim fáilte roimh ár gcairde ó Banc Ceannais na hÉireann. I wish to distance myself from the comments made by Deputy Creed who made an outrageous attack on the credit union movement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: I did not interrupt Deputy Creed when he attacked what I believe to be the credit union movement. I wish to point out to members that if they believed that these extortionate rates bordered on criminality then they had the option to do something about it when I drafted legislation on behalf of Sinn Féin, when it was debated in the House and called for a cap to be put on interest rates....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: I thank the Chairman. Some 13 out of 27 EU member states have placed caps on moneylenders. The only legal cap that exists at present has been placed on the credit union movement which has a cap of 12.68% APR. Clearly, the credit union movement cannot compete with the other type of loans because it cannot offer APRs in excess of that rate. If one wants riskier loans to be taken up by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: Challenge by whom?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: There has been a debate - and I hope that I have been part of the debate - on whether caps should be imposed on moneylenders. I argued that it should be set at 40%. I know that is a lot higher than what the credit union movement suggested to the Minister for Finance three years ago. Has the Minister for Finance or the Central Bank decided to carry out a proper analysis on the introduction...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: Does Mr. Sheridan believe that the type of cap that we have discussed should go hand in hand with the credit union cap? We should examine the legal cap on credit unions. They could involve themselves more with the 360,000 customer base that moneylenders have at their disposal. Does Mr. Sheridan view it as a dual approach strategy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: I wish to ask a very simple question. Mr. Sheridan gave us a figure for the number of customers. Therefore, I assume that there have been over 500,000 moneylender loans in the State over the past 12 months. I have made that assumption based on the fact that Mr. Sheridan has said that there are 360,000 customers, 26% of whom are currently paying off at least two loans, and 6% have more than...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: Yes, I excluded them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: My figure is only an estimate. I am not talking about 360,000 loans but 360,000 customers and I shall return to the matter later. One of the largest moneylenders in the State is Provident. The moneylenders are all listed and rates shown. Mr. Sheridan mentioned that the highest APR rate licensed by the Central Bank has been granted to Provident. He said that the maximum APR charged,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Report on Licensed Moneylending Industry: Central Bank of Ireland (29 Jan 2014)

Pearse Doherty: We can define what is meant by "longer term". The longer term means over one year but Provident Personal Credit Ireland is licensed by the Central Bank to charge this rate for a six-month period and it amounts to €228.75 on €500, for which there is no justification. With regard to long-term loans, the survey shows that one in five people took out new loans before another loan...

Written Answers — Department of Finance: Tax Yield (29 Jan 2014)

Pearse Doherty: 32. To ask the Minister for Finance the total betting duty paid in 2013 and the estimated betting duty for 2014. [4347/14]

Written Answers — Department of Finance: Central Bank of Ireland Properties (29 Jan 2014)

Pearse Doherty: 39. To ask the Minister for Finance the estimated cost of a new building for the Central Bank of Ireland; and the alternatives that were examined such as investigating the use of existing Office of Public Works sites. [4453/14]

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (29 Jan 2014)

Pearse Doherty: 40. To ask the Minister for Finance the total cost of the Central Bank of Ireland for the outsourcing of its IT system, including the cost incurred due to the HP data centre. [4455/14]

Written Answers — Department of Education and Skills: Departmental Agencies Staff Remuneration (29 Jan 2014)

Pearse Doherty: 51. To ask the Minister for Education and Skills the current salary of the director of the Teaching Council. [4461/14]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Teaching Council of Ireland (29 Jan 2014)

Pearse Doherty: 96. To ask the Minister for Arts, Heritage and the Gaeltacht the gross amount reimbursed to his Department in 2013 by the Teaching Council in respect of the salary of the director of the Teaching Council. [4459/14]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Teaching Council of Ireland (29 Jan 2014)

Pearse Doherty: 97. To ask the Minister for Arts, Heritage and the Gaeltacht the remuneration the current director of the Teaching Council receives from his Department after the reimbursement from the Department of Education and Skills is subtracted. [4460/14]

Written Answers — Department of Agriculture, Food and the Marine: Horse Racing Industry Funding (29 Jan 2014)

Pearse Doherty: 161. To ask the Minister for Agriculture, Food and the Marine the Exchequer supplement to Horse Racing Ireland in 2013 and the estimated cost in 2014. [4348/14]

Order of Business (28 Jan 2014)

Pearse Doherty: Tá ceist agam ar trí phíosa reachtaíochta atá forógartha agus tá ar an liosta a d'fhoilsigh Roinn an Taoisigh ag tús na míosa seo. The first piece of legislation is the NTMA (amendment) (No.2) Bill, which is to enable management by the State Claim Agency to claim for third party legal costs, arising from tribunals and commissions of inquiry. When...

Order of Business (28 Jan 2014)

Pearse Doherty: Is that next month or the month after?