Seanad debates

Thursday, 27 March 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Second Stage.

 

The refusal of the Minister to take cognisance of an excellent report commissioned by the Oireachtas committee which strongly advocated moving responsibility for consumer protection to a dedicated, independent Director of Consumer Affairs does not make sense either. The Central Bank actually suggested that all the functions it previously had in respect of consumer credit should be given to the director. It does not regard itself as having a role in consumer protection.

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