Joan Burton (Dublin West, Labour)
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Question 152: To ask the Minister for Finance the position and timeframe for the transposition of the 2008 EU consumer credit directive; and if he will make a statement on the matter. [44962/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Consumer Credit Directive establishes a harmonised legal framework in the European Union for the provision of consumer credit ranging from 200 euro up to 75,000 euro. The Directive was published in the Official Journal of the European Union on 22 May 2008 and requires to be transposed by 11 June 2010.

The Directive is being transposed by way of Statutory Instrument and my Department officials are progressing work on the transposition in consultation with the relevant stakeholders including the Financial Regulator and the Office of the Attorney General.