Time to regulate commercial debt firms

THE collapse of Home Payments Ltd highlighted the urgent need to regulate commercial fee-charging debt management firms.

Time to regulate commercial debt firms
Mon, 03 Oct, 2011 - 01:00
Bill Hobbs

Highly controversial, these firms sell products called debt-management plans to distressed, vulnerable consumers.

Like Home Payments, they act as payment service agents when handling and distributing people’s money to their creditors.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

Benefit image

Introductory offer. Annual billed once for first year. Monthly (discount first 3 months) billed monthly, then €12/month. Ts&Cs apply.

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

EY forecasts GDP growth of 9% in 2025 and 3.3% next year EY forecasts GDP growth of 9% in 2025 and 3.3% next year
Electric car stock Electric car sales surge by 70% in Ireland, but Tesla's decline continues
empty J1 USA visa for man US visa crackdown is an assault on students' rights
CourtsBusiness FeaturesPlace: BritainPerson: Bill HobbsEvent: Home Payments scandalOrganisation: Home Payments LtdOrganisation: Home PaymentsOrganisation: Central BankOrganisation: European Payment Services DirectiveOrganisation: British Financial Services AuthorityOrganisation: Irish Bankers FederationOrganisation: Payment Services DirectiveOrganisation: OFTOrganisation: Office of Fair TradingOrganisation: Money- village LtdOrganisation: Debt Managers Association of IrelandOrganisation: Irish Mortgage CorporationOrganisation: CredycareOrganisation: MABSOrganisation: Consumer Affairs AssociationOrganisation: National Consumer AgencyOrganisation: ACC Bank
<p>Jaguar Land Rover stopped production across its British factories for five weeks from September 1 after being targeted by hackers. Picture: Jaguar Land Rover/PA Wire</p>

Jaguar Land Rover cyber attack cost UK €2.2bn

READ NOW

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Latest

Business

Push Notifications

By clicking on sign up you will be the first to know about a selection of business content on this browser. Please note if you are unable to sign up via your mobile web browser, download and sign up for mobile push notifications via our FREE news app.

Sign Up
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Fergus Finlay
Fergus Finlay

Analysis

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited