Oireachtas Joint and Select Committees

Thursday, 31 January 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Credit Union Advisory Committee: Discussion

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

Interest rates were never lower. Why would credit unions be looking to change the legislation that restricts them to a 1% interest rate in order to be able to charge 2% a month? That is a 100% increase at a time when interest rates are historically low.

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