Michael Creed (Cork North West, Fine Gael) | Oireachtas source

This is relevant. If the Central Bank must account for its role in respect of licensing, it would be fair game to have the credit union movement representatives in here. People need, in the sense of financial services, to get back to knitting, and this is what the credit union's core business was about. It was about knowing their communities and providing credit where people could not get it elsewhere. It was the poor man's bank. Now the poor man's bank is being licensed by the Central Bank, charging 188% APR. It is bordering on criminal, and the Central Bank is rightly in the dock in that regard because it is facilitating the process. The people who are equally culpable are in the credit union movement.