News Column

Central Bank of Ireland Issues Warning on Unauthorised Retail Credit Firm

August 4, 2014



ENP Newswire - 04 August 2014

Release date- 01082014 - The Central Bank of Ireland today published the name of an unauthorised retail credit firm, Day-Long Loans and Financial Investment (Ireland).

Day-Long Loans and Financial Investment (Ireland) is not authorised as a retail credit firm by the Central Bank and had advertised the availability of credit in an Irish newspaper and gave an Irish telephone number of +353 1 406 3000 and an email address of loan.application@day-longfinance.com.

A list of unauthorised firms/persons published to date is available on the Central Bank website.

It is a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing. Consumers should be wary of advertisements offering loans from unauthorised/anonymous firms or persons. Consumers can check the Central Bank registers online to find out if a firm they are dealing with is authorised.

Any person wishing to contact the Central Bank with information regarding such firms/persons may telephone (01) 224 4000. This line is also available to the public to check if a firm/person is authorised. Since obtaining the necessary legal powers in August 1998, the names of 242 unauthorised firms/persons have been published by the Central Bank.

Notes to editors

The name of the above firm/person is published under the Central Bank (Supervision and Enforcement) Act 2013.


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Source: ENP Newswire


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