199. Deputy Noel Grealish asked the Minister for Finance the date on which providers of hire purchase agreements and personal contract plan agreements will be authorised and fully regulated by the Central Bank and subject to the requirements of the consumer protection code 2012; the steps necessary to achieve same including if legislation is needed; the reason hire purchase and personal contract plan agreements have not been subjected to the same stringent regulation that applies to banks and credit unions in view of the fact that they have been in existence for over 20 years; and if he will make a statement on the matter. [30954/20]

Summary

199. Deputy Noel Grealish asked the Minister for Finance the date on which providers of hire purchase agreements and personal contract plan agreements will be authorised and fully regulated by the Central Bank and subject to the requirements of the consumer protection code 2012; the steps necessary to achieve same including if legislation is needed; the reason hire purchase and personal contract plan agreements have not been subjected to the same stringent regulation that applies to banks and credit unions in view of the fact that they have been in existence for over 20 years; and if he will make a statement on the matter. [30954/20]

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Timeline

1. 20 October 2020

   Financial Services Regulation

   199. Deputy Noel Grealish asked the Minister for Finance the date on which providers of hire purchase agreements and personal contract plan agreements will be authorised and fully regulated by the Central Bank and subject to the requirements of the consumer protection code 2012; the steps necessary to achieve same including if legislation is needed; the reason hire purchase and personal contract plan agreements have not been subjected to the same stringent regulation that applies to banks and credit unions in view of the fact that they have been in existence for over 20 years; and if he will make a statement on the matter. [30954/20]

   Source: written

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• Financial Services Regulation

  xml · EN · 20 October 2020

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Sponsors

• Grealish, Noel. · Asking member
• Finance · Finance · Addressed to

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