165 Deputy Kevin Humphreys asked the Minister for Finance his plans to regulate high interest pay day loan companies, and other financial institutions that charge exorbitant annual percentage rates for short term loans given out through the Internet including a company (details supplied) which has an APR of approximately 4,400%; if he will consider introducing an upper limit on the APR chargeable; if he will outline the regulations that currently apply; and if he will make a statement on the matter. [9395/12]

Summary

165 Deputy Kevin Humphreys asked the Minister for Finance his plans to regulate high interest pay day loan companies, and other financial institutions that charge exorbitant annual percentage rates for short term loans given out through the Internet including a company (details supplied) which has an APR of approximately 4,400%; if he will consider introducing an upper limit on the APR chargeable; if he will outline the regulations that currently apply; and if he will make a statement on the matter. [9395/12]

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• Financial Services Regulation

  xml · EN · 21 February 2012

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