Thursday February 20, 2020

Watchdog and Central Bank at war over €2.7bn car finance ‘bubble’

Watchdog blames ‘regulatory vacuum’ as both bodies deny full responsibility

Barry J Whyte

Chief Feature Writer

1st April, 2018

Concerns are mounting over the state of Ireland’s €2.7 billion car finance market, with both the Central Bank and the consumer watchdog saying that each other needs to regulate the sector – a move that raises massive questions for hundreds of thousands of Irish car buyers.

The legislative limbo has led to rising fears that the surge in the number of complex and risky new car finance deals could turn into a unregulated...

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