Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

73. To ask the Minister for Finance the number and value of enforcement fines made against licensed credit institutions in each of the years 2013 to 2017 and to date in 2018; the number and value of enforcement fines made against retail credit firms in each of the years 2013 to 2017 and to date in 2018; the number and value of enforcement fines made against credit servicing firms in each of the years 2015 to 2017 and to date in 2018; and if he will make a statement on the matter. [11538/18]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am informed by the Central Bank that since 2006, 117 cases have been concluded through the Administrative Sanctions Procedures and settlement procedure. This has resulted in the sum of €61,608,525 being imposed by way of monetary sanctions. Statements on the Central Bank’s settled Administrative Sanctions Procedures cases are available publicly on the Central Bank’s website.

The Central Bank have provided the following table which outlines the number and value of enforcement fines made against licensed credit institutions in each of the years 2013 to 2017 and to date in 2018; the number and value of enforcement fines made against retail credit firms in each of the years 2013 to 2017 and to date in 2018; and the number and value of enforcement fines made against credit servicing firms in each of the years 2015 to 2017 and to date in 2018. I would highlight that Credit Servicing firms were not regulated prior to 2015, when they came under the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015.