Quote"The Department of Finance said last night that the Central Bank has powers to compel lenders to redress customers, but only dating to 2013 legislation.
It added: “The Central Bank does not have statutory powers to compel lenders in respect of failures that occurred prior to the introduction of the Act" unquote
In other words the Central Bank is toothless!!
It added: “The Central Bank does not have statutory powers to compel lenders in respect of failures that occurred prior to the introduction of the Act" unquote
In other words the Central Bank is toothless!!