Seanad debates

Tuesday, 25 October 2011

3:00 am

Photo of Mark DalyMark Daly (Fianna Fail)

I support the proposal to amend the Order of Business. Last week we discussed credit unions, but I ask the Leader to arrange another such debate in the light of letters sent to the Irish Financial Services Regulatory Authority in 2004. At the time Mr. John Mahony of Rathmore Credit Union warned the regulator that the granting of pre-approved bank loans to release equity and the writing to customers would result in the setting up of a tribunal ten years hence to examine how all of this had come about.

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