Consumer Credit (Amendment) Bill 2021

In September 2021 the Competition and Consumer Protection Commission (CCPC) made a submission to the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach on the General Scheme of Consumer Credit (Amendment) Bill 2021.

The  proposed legislation contains a range of measures in the area of high cost credit, including those aimed at restricting the total cost of credit on moneylending loans. For example, it proposes to introduce a cap on the interest rate a moneylender can charge on a loan. The CCPC supports the proposals outlined in the General Scheme.