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
4:15 pm
Michael Creed (Cork North West, Fine Gael) | Oireachtas source
I have a final question on the matter. The current legislation allows moneylenders to give top-up loans on existing debt where there are default payments but credit unions are exclusively precluded from doing so. Is there a legislative difficulty in terms of regulations? Can we make it easier for the credit union movement to compete in a realistic fashion in this business?
No comments