Paul Coghlan (Fine Gael) | Oireachtas source

That is the very point I was going to raise. This 4% increase on the so-called clear credit card and 2% on the so-called classic card is a predatory strike. It is an ambush of the customer at this time. People are caught for cash when doing their Christmas shopping and, as they are using their cards, they will run up big bills. This is a crippling interest rate hike that is uncalled for, particularly at this time. I join with Senator Norris in strongly condemning the move.

I understand we have to get the banks profitable again in the interests of the taxpayer.

This is not the right way to go about it and certainly not at this time. I abhor that move and join in the call for this House to send out a strong message today - I note Senator Darragh O'Brien is in agreement - to that bank in this regard.