Results 10,661-10,680 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Over six or 12 months. With regard to moneylenders, the sum borrowed is not the issue. The issue is the annualised payments because there are so many loans one after the other that somebody could pay back between €2,000 and €3,000 a year, which is a greater sum that the €2,000 provided for in the legislation. One is taking into account the total sum repaid, not the sum...

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

Ciarán Lynch: Even if a company was required to undergo a full credit examination of the potential borrower, it is the company's prerogative to proceed with the loan. The reason these companies charge exorbitant interest rates is the market they are in. They are supplying money to people who most likely should not be getting loans from them in the first place. If one could afford a loan at a cheaper...

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

Ciarán Lynch: I will not allow a discussion on moneylending.

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

Ciarán Lynch: The purpose of the Bill is to ensure people who provide credit for individuals have a database on the risk they take. We are also providing for a duty of care, albeit at a symbiotic level, and a firewall to ensure people do not over-borrow. Whether it is a car loan or a moneylender, ultimately, the company will make the decision on loaning the money, regardless of the risk. It makes that...

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

Ciarán Lynch: Amendments Nos. 32 and 33 are related and will be taken together, by agreement.

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

Ciarán Lynch: Amendments Nos. 34, 35, 37 and 38 are related and will be taken together, by agreement.

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

Ciarán Lynch: I ask the Deputy not to mention Twitter and keep his contribution to 140 characters.

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

Ciarán Lynch: As amendments Nos. 30 and 56 are related, they will be discussed together.

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

Ciarán Lynch: Amendment No. 26 in the name of the Minister. Amendments Nos. 26 to 28, inclusive, are related and will be discussed together.

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

Ciarán Lynch: Amendments Nos. 29 and 31 are related and will be discussed together.

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

Ciarán Lynch: Amendments Nos. 6 and 7, in the name of the Minister, are related and will be discussed together.

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

Ciarán Lynch: Yes, when we come to the end of the section.

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

Ciarán Lynch: We are on section 2 and, as per Standing Orders, we will deal with the amendments and then discuss the section. The Deputy can speak on the section when we put the question as to whether the section, as amended, should stand part of the Bill.

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

Ciarán Lynch: Amendments Nos. 8 and 9, in the name of the Minister, are related and will be discussed together.

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

Ciarán Lynch: Amendments Nos. 10 to 14, inclusive, and amendments Nos. 53 and 57 are related and will be discussed together.

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

Ciarán Lynch: Amendments Nos. 15 to 25, inclusive, in the name of the Minister are related and will be discussed together.

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

Ciarán Lynch: I welcome the Minister of State at the Department of Finance, Deputy Brian Hayes, and his officials. The purpose of the meeting is to consider the Credit Reporting Bill 2012 which was referred to the select sub-committee by Dáil Éireann on 18 April. Is it agreed to conclude consideration of the Bill today? Agreed.

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

Ciarán Lynch: Amendments Nos. 1 to 5, inclusive, are related and will be discussed together.

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

Ciarán Lynch: On a point of clarification, many systems, such as utilities and phone providers, have a pay-as-you-go function. If people take up the option of a bill pay telephone provider or energy supplier, are such providers given access to this credit rating?

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

Ciarán Lynch: Can we give consideration to this point? If someone runs up an extensive bill with a telephone provider and moves to another telephone provider, all people need to do is provide a different address.