The country’s consumer protection watchdog has not taken any action to investigate the soaring cost of motor insurance despite hard-pressed businesses and consumers facing huge increases over the past 18 months.

The country’s consumer protection agency has declined imposing sanctions on Vodafone despite finding the global giant giant to be in breach of consumer law just weeks after issuing similar findings against four other telecoms.

The Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015 has moved into the final stages of its Dáil review and the Central Bank has started casting its regulatory net to see who will become regulated under the bill.