Section 28 of the Central Bank Act 1997 is amended -
(a) in paragraph (c) of the definition of "money transmission service" by inserting the following after subparagraph (iii):
"(iiia) a person authorised to carry on the business of a credit servicing firm,",
(b) in the definition of "regulated business" by substituting ", a debt management firm or a credit servicing firm" for "or a debt management firm",
(c) in the definition of "retail credit firm" by substituting the following for paragraph (a):
"(a) a person who is a regulated financial service provider authorised, by the Bank or an authority that performs functions in an EEA country that are comparable to the functions performed by the Bank, to provide credit in the State otherwise than under this Part, or",
(d) by inserting the following definitions:
"'credit agreement' means an agreement whereby a creditor grants, or promises to grant, credit to a relevant borrower;
'credit servicing', in relation to a credit agreement, means ma
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