Government agrees new laws on debt management

The government has approved new legislation aimed at regulating debt and payment management firms, amid growing official concern about the sector.

Ian Kehoe - avatar

Ian Kehoe

25th November, 2012

The government has approved new legislation aimed at regulating debt and payment management firms, amid growing official concern about the sector. Despite taking millions of euro from households to pay bills or debts on their behalf, the area has remained largely unregulated, with no firm legislation covering it.

The Minister for Finance, Michael Noonan, has received cabinet clearance for new legislation that will impose stricter standards on debt managers. The legislation will be brought forward...

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