Mairéad Farrell (Galway West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I have another question on the Bill and moneylenders. One of the reasons credit unions began was to stop out of control interest rates being charged by moneylenders. They have an active role in providing credit. Credit unions are often the heart of local communities. That is the case in my estate. Credit unions have said they want to branch out and have a greater role in the sub-prime credit market. I understand credit unions are currently subject to a cap of 1%. Would the Central Bank support increasing that to 2%?