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IRISH INSTITUTE OF CREDIT MANAGEMENT
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The Irish Institute of Credit Management News Details
Car dealers convicted - 25-Nov-2009
Car dealers convicted on credit rules
South Dublin Motors Ltd of Whitechurch Road, Rathfarnham, Dublin 14 has been convicted at Dublin District Court of 2 offences under the Consumer Credit Act, 1995. The company was fined E3,000 for an unauthorised alteration to a credit intermediary authorisation and E3,000 for the non-display of the authorisation.
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| The decision to prosecute was made following receipt of a complaint and a subsequent investigation by the National Consumer Agency.
Ann Fitzgerald, Chief Executive of the National Consumer Agency has reminded credit intermediaries of the statutory requirement to display the credit intermediary authorisation in a prominent position. "In the interests of transparency and to enable consumers to make an informed decision as to finance arrangements, it is imperative that the Authorisation be displayed prominently," she said. "A public register of all current credit intermediaries is available on the National Consumer Agency website and I would urge all consumers to check this prior to doing business with a credit intermediary," she added. |
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