Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015

Public bill · Government · Presented

The Bill would require firms managing loans, including loans sold to another company, to be regulated by the Central Bank so borrowers keep key protections. It would also give affected borrowers access to the Financial Services Ombudsman and ensure relevant protections continue when credit-union loans are sold.

Formal long title

Bill entitled an Act to provide for the protection of certain borrowers who are parties to credit agreements in respect of which credit servicing firms undertake certain services and for this purpose to amend the Central Bank Acts 1942 to 2014 and the Consumer Credit Act 1995 and to provide for related matters

Last updated 12 April 2018