321 Deputy Ruairí Quinn asked the Minister for Finance if his attention has been drawn to the fact that persons who go into arrears on their credit cards can be charged interest rates which can be set at will by the credit lender and some companies can charge punitive interest rates which can be as high as 26% APR; if his proposals to strengthen the Financial Regulator will ensure credit card customers are made aware of the risks of such punitive interest rates; and if he will make a statement on the matter. [38354/09]

Summary

321 Deputy Ruairí Quinn asked the Minister for Finance if his attention has been drawn to the fact that persons who go into arrears on their credit cards can be charged interest rates which can be set at will by the credit lender and some companies can charge punitive interest rates which can be as high as 26% APR; if his proposals to strengthen the Financial Regulator will ensure credit card customers are made aware of the risks of such punitive interest rates; and if he will make a statement on the matter. [38354/09]

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• Financial Services Regulation.

  xml · EN · 3 November 2009

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