Oireachtas Joint and Select Committees

Wednesday, 29 January 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Report on Licensed Moneylending Industry: Central Bank of Ireland

4:05 pm

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

I am not aware that I levelled accusations of criminality against individuals. The industry is a fair target for those comments. It is bleeding people dry with debt recycled upon debt. In order to question their core purpose, we should bring in people from the credit union movement.

I would like Mr. Sheridan to comment on the matter. How can his organisation facilitate the credit union movement getting into the area of borrowing which I understood was its original purpose?

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