Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Shutterstock/Blue Planet Studio

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.

Readers like you are keeping these stories free for everyone...
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.

Close
11 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds