Seanad debates

Thursday, 23 February 2017

10:30 am

Photo of Aidan DavittAidan Davitt (Fianna Fail) | Oireachtas source

I couldn't disagree. "Fear of missing out" loans are being peddled by Bank of Ireland in DCU at present. If they are trying to encourage people to join the bank, why don't they give them €50 or €100 to open an account, as they did in the past? That would be a more honest way of doing business. That cycle of short term loans is very prevalent in the UK, though not as big a culture in Ireland, thankfully, probably due to more regulation. I would ask the Acting Leader to raise this issue as soon as possible.

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