Seanad debates
Thursday, 29 November 2012
Personal Insolvency Bill 2012: Committee Stage
12:20 pm
David Norris (Independent) | Oireachtas source
I am not going to push the issue, but I am grateful to the Minister for his explanation. Of course, I was thinking of the excludable, which allows flexibility.
The Minister need not reply to this, although if he wants to he may. Could he look at criminalising loan sharking? I am sure a definition could be given, perhaps in terms of the interest rates charged. This may be possible under his Department. It is a socially very undesirable phenomenon and it is spreading. If there is a possibility of the Government addressing this it would have widespread support.
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