Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

10:15 am

Photo of Alex WhiteAlex White (Dublin South, Labour) | Oireachtas source

The IBF's submission notes that the recommendation of the commission and the subsequent amendments specify a number of enactments - including the Consumer Credit Act 1995 - which do not apply to credit unions. The submission also states that the draft Bill does not make clear the extent to which credit unions will be subject to the various codes promulgated by the Central Bank under section 117 of the relevant Act. I suppose that is something which is ascertainable and we can discover whether it is intended that this would be so.

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