McGrath calls for acceptance of FF debt-management regulation bill
Fianna Fáil's finance spokesperson Michael McGrath has said the party is to move on a new bill to regulate providers of debt management services when the Dail returns.
It comes after the household budget firm Home Payments closed in Dublin this week, leaving thousands of its customers out of pocket.
Michael McGrath said the Regulation of Debt Management Advisors Bill was an important part of the package of measures unveiled by Fianna Fáil last month.
Part of the package aims to protect the family home from repossession and radically reform personal insolvency legislation.
Deputy McGrath said his party would move the bill in the Dáil as soon as the House returned after the summer break.
"There is an urgent need for the providers of these services to be licensed by the Central Bank...and to comply with a code of conduct," he said.
