John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I have a letter from a credit union to say it was disappointed to hear the Central Bank repeatedly advise that no business model proposals or requests for changes to regulations have been made to it. This arose from our hearings with the credit unions. The letter goes on to state that the credit union has made extensive efforts to engage the registrar on its business model development and has submitted a detailed proposal to the Central Bank specifically on mortgages but has failed to get any type of meaningful engagement or discussion on the matter. I will send that submission on to the Central Bank.