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Enacted Dáil
No. 91 of 2021

Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021

Public bill · Government · Presented

It would bring more hire-purchase, PCPs, consumer-hire and indirect credit providers under Central Bank authorisation, with transition rules for firms newly caught by the regime. It would also let the State collect and publish more data on these agreements, cap the interest rate on most consumer credit and hire-purchase deals at 23% APR, and require hire-purchase contracts to show the APR. These changes matter because they aim to give consumers clearer pricing, stronger oversight of lenders and more protection against high-cost credit.

Formal long title

Bill entitled an Act to provide for the extension of authorisation requirements to persons carrying on hire-purchase or consumer-hire business or providing credit indirectly and persons carrying on business relating to hire-purchase or consumer-hire agreements or the indirect provision of credit; to provide for the collection and publication of information on credit agreements, hire-purchase agreements and consumer-hire agreements; for those and other purposes to amend the Central Bank Act 1997; to provide for a limit on the interest rate that consumers may be charged under credit agreements and hire-purchase agreements; to provide for a requirement to include the annual percentage rate in a hire-purchase agreement; for those and other purposes to amend the Consumer Credit Act 1995 and to provide for related matters.

Last updated 11 September 2024

Sponsor
  • Minister for Finance Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee and Remaining Stages
    Seanad
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Second Stage
    Seanad
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Report and Final Stages
    Dáil
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage
    Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Second Stage (Resumed)
    Dáil
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Referral to Select Committee
    Dáil
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Second Stage (Resumed)
    Dáil
  • Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Second Stage
    Dáil

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