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Appointment of Taoiseach and Nomination of Members of Government: Motion (6 May 2016)

Anne Rabbitte: This is jealousy.

Nomination of Taoiseach (Resumed) (6 May 2016)

Anne Rabbitte: Not true.

Nomination of Taoiseach (Resumed) (6 May 2016)

Anne Rabbitte: Housing?

Nomination of Taoiseach (Resumed) (6 May 2016)

Anne Rabbitte: We do.

Crime: Statements (5 May 2016)

Anne Rabbitte: I also welcome the opportunity to speak on crime. I come from east Galway in rural Ireland where crime is prevalent. Like Deputy Brophy, I too had a speech prepared but I will change it. This is because I wish to respond to Deputy Coppinger and her take on rural crime and the meetings that were held down the country. However, let me also bring to her attention that, even though Fianna...

Committee on Housing and Homelessness: Banking and Payments Federation Ireland (5 May 2016)

Anne Rabbitte: I thank the delegates for their presentations. I do not want to repeat any of the questions already asked. However, there is one or two questions I would like to ask. Do the delegates ever have mystery shops or encourage banks to have mystery shops whereby they would pretend they are in the role of the person in debt and try to contact his or her lender? I tried it last week, not in a...

Committee on Housing and Homelessness: Banking and Payments Federation Ireland (5 May 2016)

Anne Rabbitte: I thank Mr. Brett.

Committee on Housing and Homelessness: Banking and Payments Federation Ireland (5 May 2016)

Anne Rabbitte: Yes.

Committee on Housing and Homelessness: Banking and Payments Federation Ireland (5 May 2016)

Anne Rabbitte: An issue that arose was credit ratings which leads into Deputy Mick Wallace's question. Another part of the freeing of funds is access to credit. Equity is only one part of it. A person cannot access credit if his or her credit rating has been blemished in the past because it sits with him or her for X number of years. That is an issue at which we need to look if the building industry is...

Committee on Housing and Homelessness: Banking and Payments Federation Ireland (5 May 2016)

Anne Rabbitte: Of course.

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: I think both delegates for the presentation. As a newly elected Deputy, I find it unbelievable that we have been having this conversation since 2014 on a group who have offered funding to help us out with a housing crisis. A year and a half later, we have not squared that circle at all. It is hard to believe. Is it correct that the league is offering €8 billion towards housing? If...

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: Is the ILCU offering money towards building houses?

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: Absolutely.

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: It is important to say that the ILCU is coming to us with funds. Is it correct that the regulatory body, the Central Bank, imposes restrictions on how credit unions may use their funds?

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: Is that so the ILCU can still invest in supporting the building of houses?

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: That brings me straight to my next question. I believe Mr. Farrell is hitting too many roadblocks. There has been a Government roadblock, a Central Bank roadblock, etc. In his opening statement, Mr. Farrell said the credit unions have €13 billion in savings and €15 million in assets. Is that correct? Why not grow the assets? Why not let the credit unions build the houses...

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: Now.

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: When the credit unions had a large build-up of savings and went to a local bank to invest them, be it for three months, six months, 12 months or otherwise, they were allowed to invest. Was that just a cash investment or could there have been different investments, such as bond investments? A bond could have been associated with property or equities. Was the movement tied up in terms of how...

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: Not when the credit unions have €15 billion in assets and €13 billion in savings.

Committee on Housing and Homelessness: Irish League of Credit Unions (5 May 2016)

Anne Rabbitte: My last question - the real question - is what this committee can do to help the ILCU spend its money. What is the roadblock? What does Mr. Farrell recommend to this committee so the cash can be accessed and put back into the communities that have invested in the credit unions? Representatives of the Irish Banking Federation were present earlier and they did not offer us any money. Mr....

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