The Central Bank issues warning about moneylending scam

The banking regulator said a scam is currently targeting consumers seeking cash loans from online providers as cost-pressure weigh on some households.

The regulator also said people are at risk of “losing significant amounts of money” if they share any payment details with these providers.

The Central Bank has issued a warning about an increasing number of people falling victim to a moneylending scam.

The banking regulator said the scam is currently targeting consumers seeking cash loans from online providers as cost-pressure weigh on some households.