Central Bank issues warning to 4 unauthorised firms offering loans

The Central Bank also issued a warning notice to an unauthorised investment firm.

THE CENTRAL BANK of Ireland has published warning notices against four unauthorised firms offering loans to people.

These firms are:

Ireland Loans
Loan Society
Liteway Loans
Yes Loans Ireland.

The Central Bank confirmed to TheJournal.ie this week that Liteway Loans is not authorised with them.

A warning notice was also issued by the Central Bank to the unauthorised Investment Firm/Investment Business Firm ‘Barons VC’.

It’s a criminal offence for an unauthorised firm to provide financial services in Ireland that would require Central Bank authorisation.

Consumers should be aware, that if they deal with a firm that is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.

If you want to contact the Central Bank with information about similar firms, you can call: 01 224 4000. This line is also available to the public to check if a firm is authorised.

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Central Bank issues warning to 4 unauthorised firms offering loans

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

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