The Central Bank has published the results of its findings following inspections carried out in 11 of the 46 licensed moneylenders currently operating in Ireland.

The focus of the inspections included (a) whether or not consumers were being charged in accordance with moneylenders' authorised Annual Percentage Rates (APR's) and (b) whether the money lending firms displayed their licences and indicated the high cost nature of the loans on all loan documentation issued to consumers as is required under the Consumer Protection Code for Licensed Moneylenders (the Moneylenders Code) which was introduced in 2009 and the Consumer Protection Act 1995. The findings overall show a very high level of compliance among those firms.