Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

Credit unions play a vital role in everyday life in urban and rural Ireland and those working within them have raised many concerns of which I am sure the Minister is aware. They have outlined these concerns to us and I have spoken to many other Deputies who have also heard them.

The movement worked with my party and others in shaping the Credit Union Act. Some of its concerns flow from the imperfections in that Act. Others are more general and could be resolved with political will, I believe.

Section 35 limitations are not working. There is a need for regulations and new rules and this is fully accepted by the movement.

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