Mick Wallace (Wexford, Independent) | Oireachtas source

On the issue of PPPs, the credit union interest rate of 3.5% would be attractive by comparison with 15%, which is often the rate of the PPPs. This morning, the Minister for Finance, Deputy Michael Noonan, stated that we cannot have credit unions engaging in risky lending. Whether he believes that the banks can and does not like the credit unions doing it, I wonder what the ILCU think of that. The league is facing barriers in the area of lending. I refer to how it is restricted. Does Mr. Farrell believe the credit unions are more restricted by the Central Bank regulator or Government thinking?