Credit unions to be allowed increase cost of loans
Minister plans to allow interest rate rise on personal loans despite Cabinet opposition
Credit unions could be allowed to push up the cost of loans
Minister for Finance Paschal Donohoe looks to amend legislation to increase interest rate cap for credit unions
Ministers concerned over plan to expand lending by credit unions
Higher-risk loans could pave way for ‘aggressive moneylending’, Ministers claim
Oireachtas committee backs easing of credit union lending restrictions
Concerns signalled earlier this year about unions becoming involved in mortgage market
Central Bank heavily criticises governance in credit unions
However, bank says it is ‘willing to consider’ amending long term lending limits
Cantillon: One size no longer a good fit for shrinking credit unions
With lending down by 45%, Ireland’s credit union movement is in a slow decline
Credit unions’ relevance questioned amid lending slump
Government-commissioned report recommends review of regulatory lending limits
Credit unions say new deposit limit is unfair
Credit unions must apply for permission to retain single account deposits over €100,000
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices