ECB expresses doubts over Irish draft law on consumer credit
Proposed law could create legal uncertainty over Irish central bank’s powers, ECB says
The European Central Bank has raised a number of questions over a draft Irish law that would expand the central bank’s oversight of consumer credit.
Ireland’s government requested an ECB opinion on June 8 on its proposed law on “consumer protection (regulation of credit servicing firms)”. The ECB says the law aims to regulate “the owners of credit agreements entered into with natural persons and with micro, small or medium-sized enterprises”.
The draft law aims at “extending existing
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