Donegal TD’s bill on moneylending passed in Dail
The Dáíl has passed a Bill that could dramatically reduce the interest rates moneylenders charge customers. The draft law from Sinn Féin’s Pearse Doherty includes a 36 percent cap on the rates people would have to pay. He claims some are being charged as much as 187 percent on loans.…
SVP: Middle-income families struggling most financially
St. Vincent de Paul says the demand for their service is up 10% on last year. Rosa Glacken is Vice-President of St. Vincent de Paul in the north west. She has been speaking to Ocean FM following concerns raised by Fianna Fail Councillor in Sligo Seamus Kilgannon this week on…
Call for clampdown on huge moneylending rates
A Sligo councillor has called for the Finance Minister and the government to deal once and for all with the exhorbitant rates being charged by money lenders. It’s an issue that always arises at this time of year when some people have no option but to approach moneylenders in an…