3.13 Article 24(5) of CCD2

Unique Reference Number: 
DFIN-C8-3
Status: 
Submitted
Author: 
BPFI

3.13 Article 24(5) of CCD2

No. Ireland is already subject to stringent rules on the provision of overdraft facilities, with reference to the requirements set out in the Consumer Credit Act 1995.

Furthermore, we are not aware of issues, in the context of the effectiveness of the current legislation, regarding customers falling into debt from overdrafts and as such, believe there are sufficient protections in place for consumers.