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Important update
    Motor finance commissions arrangements

    The Supreme Court has handed down its judgment in relation to the appeal regarding the motor finance commissions arrangements. Close Brothers is considering the judgment – any updates will be made available on our website. We continue to operate as normal and understand the importance of keeping our customers informed.

    Why is the CCR needed?

    The Government in Ireland gave a commitment, as part of the EU/IMF Programme of Financial Support, to develop a legal framework that would facilitate the collection and centralisation of credit information on borrowers. The CCR will contribute to consumer protection and financial stability by:

    • Providing borrowers with an individual report detailing their credit agreements
    • Providing lenders, such as Close Brothers Motor Finance, with comprehensive information to support credit assessments
    • Providing the CBI with better insights into financial markets and supporting functions of the Central Bank of Ireland
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