Results 1-20 of 999,833 for in 'Dáil debates' OR speaker:Darragh O'Brien in 'Committee meetings'

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: No. As far as possible, at every turn, it is about enabling. This is a clarification amendment that was sought by the credit unions. It is for the purposes of clarification more than anything else.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Seán Ó Fearghaíl: Amendments Nos. 2, 3 and 6 are related and may be discussed together.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 2: In page 11, to delete line 15. The amendment is grouped with all the amendments in group one. As raised on Committee Stage, these are amendments to section 67 and related amendments to section 17 of the principal Act that will assist credit unions in modernising their membership review and approval processes. These amendments will allow each credit union board...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 3: In page 11, to delete line 34 and substitute the following: “within that category.”, and (k) by the insertion of the following subsection after subsection (8): “(9) A credit union shall— (a) in the case of a credit union registered before the commencement of section 9(k)of the Credit Union (Amendment) Act 2023, not later than 6...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Seán Ó Fearghaíl: Amendments Nos. 4 and 5 are related and may be discussed together.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 4: In page 15, to delete lines 15 to 24 and substitute the following: “ “(d) in accordance with a loan approval process which has been approved by the board of directors.”,”. The amendment is grouped with all the amendments in group two. As referred to on Committee Stage, these are amendments to section 36 and a related amendment to...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Pearse Doherty: Is this amendment grouped with amendments Nos. 9 to 16?

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Seán Ó Fearghaíl: It is amendments Nos. 4 and 5.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Pearse Doherty: Okay. This amendment deals with membership committees. I understand that amendment No. 4 concerns the review of doubtful membership applications. What are the current procedures in that regard? Again, what is the requirement for the amendment? I welcome amendment No. 5. It concerns an issue I brought to the Minister of State's attention on Committee Stage. There was an issue with...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: Amendment No. 4 relates to a loan approval process that has been approved by the board of directors. In the past, credit unions had to spend too much time reviewing and affirming processes that are straightforward, which had to be approved by a physical board at every turn. That is too onerous for a board of directors, especially where we are trying to encourage more volunteers, streamline...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Pearse Doherty: I am looking at the briefing note on this, which is always helpful with amendments on Report Stage. It references amendment No. 4. Am I correct in saying that the purpose of the amendment is to allow for credit unions to put in place digital and online membership application processes while still maintaining in-person membership application services? It appears that is not the case with...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: Amendment No. 4 is to specifically deal with loan approval processes. We are trying to do something similar with membership approval processes and loan approval processes. Each amendment is slightly different. Amendment No. 4 is in accordance with the loan approval process.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 5: In page 15, to delete line 28 and substitute the following: “20.Section 37 of the Principal Act is amended— (a) by the substitution of the following subsection for subsection (1): “(1) If an application for a loan which was considered— (a) by the credit committee, (b) by a credit officer, or (c) in accordance with a loan approval...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Jennifer Carroll MacNeill: I move amendment No. 6: In page 20, to delete lines 33 to 37, and in page 21, to delete lines 1 to 14 and substitute the following: “(a) in subsection (1), by the substitution of the following paragraph for paragraph (c): “(c) a membership committee which shall determine applications for membership of the credit union that have been rejected under a process referred to in...

Credit Union (Amendment) Bill 2022: Report and Final Stages (29 Nov 2023)

Amendment agreed to.