94. Deputy Pauline Tully asked the Minister for Finance if his attention has been drawn to the concerns raised by the Social Finance Foundation that licensed high interest money lenders are aggressively targeting vulnerable persons whose financial circumstances may have been impacted by the Covid-19 crisis; his views on the concerns; if measures are being taken to protect persons from lending companies that charge 187% APR; and his plans to introduce a cap on companies that charge excessively high interest rates as is the case in 21 of the 27 EU countries. [5146/20]

Summary

94. Deputy Pauline Tully asked the Minister for Finance if his attention has been drawn to the concerns raised by the Social Finance Foundation that licensed high interest money lenders are aggressively targeting vulnerable persons whose financial circumstances may have been impacted by the Covid-19 crisis; his views on the concerns; if measures are being taken to protect persons from lending companies that charge 187% APR; and his plans to introduce a cap on companies that charge excessively high interest rates as is the case in 21 of the 27 EU countries. [5146/20]

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Timeline

1. 13 May 2020

   Financial Services Regulation

   94. Deputy Pauline Tully asked the Minister for Finance if his attention has been drawn to the concerns raised by the Social Finance Foundation that licensed high interest money lenders are aggressively targeting vulnerable persons whose financial circumstances may have been impacted by the Covid-19 crisis; his views on the concerns; if measures are being taken to protect persons from lending companies that charge 187% APR; and his plans to introduce a cap on companies that charge excessively high interest rates as is the case in 21 of the 27 EU countries. [5146/20]

   Source: written

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• Financial Services Regulation

  xml · EN · 13 May 2020

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• Tully, Pauline. · Asking member
• Finance · Finance · Addressed to

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