380. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the regulatory proposals he has signalled will include statutory caps on total credit cost or effective annual percentage rates for both regulated and currently unregulated consumer lending; and if not, the justification for permitting high interest rates in circumstances where borrowers have limited or no alternative access to credit. [7626/26]

Summary

380. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the regulatory proposals he has signalled will include statutory caps on total credit cost or effective annual percentage rates for both regulated and currently unregulated consumer lending; and if not, the justification for permitting high interest rates in circumstances where borrowers have limited or no alternative access to credit. [7626/26]

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