The National Reverse Mortgage Lenders Association (NRMLA) and its board of directors have officially approved the mission statement of its new Diversity, Equity and Inclusion (DEI) committee, according to a statement emailed to members of the association at the end of last week. The newly formed committee, revealed to theRead More →
The state’s biggest moneylender must stop issuing loans here. rovident is ending its subprime lending operations in that country and in the UK, where it is headquartered. The home loan operation has been losing money in both markets since before the pandemic. But her losses increased significantly last year whenRead More →
Ireland’s largest money lender, Provident Financial, has announced it will close its home lending business as Monday’s annual results highlighted the pressure from the coronavirus pandemic and growing complaints from clients on risk lenders. The move comes just days after Finance Minister Paschal Donohoe said the government planned to “gradually”Read More →
The finance minister is to present proposals to the government to gradually cap the interest rates that lenders can charge. Currently, lenders are allowed to charge interest rates with an annual percentage rate (APR) of up to 187%. Interest rate caps on money lending are in place in 21 EURead More →
Finance Minister Paschal Donohoe has said he plans to submit to Cabinet within weeks proposals that will “gradually” reduce the current 187.2% cap on the annual percentage rate (APR) on loans from approved lenders. . The minister made the statement during an Oireachtas finance committee hearing on a Sinn FéinRead More →