Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Mr. Sheridan referred to the issue of alternatives. I agree with him that one has to find an alternative. The credit union model is structured, community-based and has the skill set. The problem with the structure of that model is the restrictions on it. It would be very informative if the Central Bank, working with the registrar, would commit to carrying out a review, taking into account the moneylending area, because it could be restructured in a way that would end the way the credit unions function. Clearly, people are being driven into a situation where they have to go to moneylenders. If a person has no alternative but to go to a moneylender and he or she is being charged nearly 300% interest, that is exploitation in any man's language. Will Mr. Sheridan commit to looking at that issue?