The Central Bank of Ireland (the Central Bank) has published a second consultation paper (CP 82) in respect of additional consumer protection requirement for debt management firms. The Central Bank has decided to seek further views on certain important proposals, including: client leads; use of credit to pay for debt management services; and a cooling off period.
The purpose of this second consultation is three-fold:
to outline the position reached on some of the issues and questions posed in CP75;
to highlight a number of new or amended provisions which have come to the Bank's attention as part of its analysis of the submissions received in response to CP75 and also as a result its ongoing regulatory work; and
to give a final opportunity to stakeholders to review a full version of the proposed new Additional Requirements
Submissions are invited from interested parties up to 18 July 2014.