Joint Committee on Finance, Public Expenditure and Reform and Taoiseach to resume scrutiny of Consumer Credit Amendment Bill 2018

The meeting at 12.30pm in Committee Room 1 of Leinster House will hear from representatives from the Money Advice and Budgeting Service (MABS), the Free Legal Advice Centres (FLAC) and the Irish League of Credit Unions (ILCU).

Committee Cathaoirleach Deputy John McGuinness said: “This proposed legislation is a Private Member’s Bill from Deputy Pearse Doherty, who is a member of this Committee. The Bill proposes to amend the Consumer Credit Act 1995 to cap at 36 per cent the amount of APR interest chargeable on loans issued by licenced moneylenders. This is our fourth and final public meeting to scrutinise this Bill and we know look forward to hearing the views of MABS, FLAC and the ILCU on the matter.”

The Joint Committee on Finance, Public Expenditure and Reform and Taoiseach has 13 Members, nine from the Dáil and four from the Seanad.

The meeting in Committee Room 1 can be viewed live on Oireachtas.ie.

Committee proceedings can also be viewed on the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.