Written answers
Thursday, 30 March 2017
Department of Finance
Credit Union Services
Michael McGrath (Cork South Central, Fianna Fail)
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150. To ask the Minister for Finance if the consumer advisory group attached to the consumer protection division of the Central Bank has expressed any concerns regarding the negative impact that the gradual diminution of products and services allowable by credit unions under current regulations might be having on consumers; and if he will make a statement on the matter. [15977/17]
Michael Noonan (Limerick City, Fine Gael)
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The role of the Consumer Advisory Group ('CAG') is to advise the Central Bank on the performance of its functions in relation to protecting consumers. I understand from the Central Bank that the CAG has indicated that the matter raised by Deputy McGrath has not been discussed by the group.
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