Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

No, I already signalled on Second Stage that we would bring an amendment to my legislation to increase the credit union cap from 1% to 2%. The report by University College Cork, which supports reducing the APR for moneylenders, suggested that this be done hand in hand with an increase in the cap for credit unions. My concern is that the Government has introduced its own Bill that only deals with one aspect of this, namely, the increase from 1% to 2% for credit unions. Obviously, it is using up Oireachtas time because now we have two Bills that could do the same thing. I also read into it that this may be because of the Government's reluctance to deal with the extortionate APRs being charged by moneylenders.