SVP calls for 'high-cost loan' warning on moneylender ads

SVP estimates that there are 330,000 customers of moneylenders in Ireland.

The Society of St Vincent de Paul (SVP) has called for all licensed moneylenders to carry a tobacco-style warning on their advertising and literature.

The charity has made a submission to the Department of Finance seeking the warning as well as the provision of alternatives for customers on the advertisements.