On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit...more
4/16/2024
/ Borrowers ,
Central Bank of Ireland ,
Consumers ,
Credit Agreements ,
Creditors ,
Due Diligence ,
EU ,
European Economic Area (EEA) ,
Exemptions ,
Good Faith ,
Ireland ,
Loans ,
New Regulations ,
Recordkeeping Requirements
The Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “2022 Act”) was commenced on 16 May 2022.
The introduction of the 2022 Act ensures that providers and servicers of hire...more