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

Plain-English summary AI · claude-haiku-4-5-20251001

• Extends Central Bank authorisation requirements to hire-purchase, consumer-hire, and indirect credit providers previously unregulated.
• Caps interest rates on credit and hire-purchase agreements; requires annual percentage rates displayed in hire-purchase contracts.
• Mandates collection and publication of credit agreement data to improve consumer information and market transparency.

Stage timeline

1. First Stage 33rd Dáil

   23 Jun 2021
2. Second Stage 33rd Dáil

   8 Jul 2021
3. Committee Stage 33rd Dáil

   30 Sep 2021
4. Report Stage 33rd Dáil

   23 Feb 2022
5. Fifth Stage 33rd Dáil

   9 Mar 2022
6. Second Stage 26th Seanad

   9 Mar 2022
7. Committee Stage 26th Seanad

   24 Mar 2022
8. Report Stage 26th Seanad

   31 Mar 2022
9. Fifth Stage 26th Seanad

   31 Mar 2022
10. Enacted

    11 Apr 2022