Róisín Shortall (Dublin North West, Social Democrats)
Link to this: Individually | In context | Oireachtas source

184. To ask the Minister for Jobs, Enterprise and Innovation the actions she has taken on foot of the five recommendations of the Competition and Consumer Protection Commission in its report Personal Contract Plans: the Irish Market of 6 March 2018 as they relate to her Department. [49676/18]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context | Oireachtas source

On the 6^thMarch 2018, the CCPC published its report analysing the Personal Contract Plan (PCP) car finance market and made a number of recommendations with a view to safe guarding consumers. The report followed a study in which the CCPC examined the size and value of the PCP market, spoke to consumers to understand the experiences of those who have signed up to PCP contracts and examined the current consumer protections for consumers who sign up to PCP contracts.

My colleague, the Minister for Finance and Public Expenditure & Reform, Paschal Donohoe, TD, commissioned Mr. Michael G. Tutty to conduct a review of the current PCP market and, in particular, to consider the adequacy of existing consumer protection in relation to PCPs in June 2018. Matters which had been raised in the CCPC Report were included in Mr. Tutty’s report, which was published on the website of the Department of Finance on 1^stNovember 2018.

I am aware that the recommendations of the respective reports are currently under consideration by the Department of Finance and the Central Bank, which are the relevant bodies with policy responsibility for the matters concerned. My Department will continue to engage with officials from the CCPC and the Department of Finance as required.