129 Deputy Paul Connaughton asked the Minister for Finance if he will amend section 35 of the Credit Union Act 1997 as it relates to existing lending restrictions on credit unions; if his attention has been drawn to the fact that many credit union customers are experiencing difficulty in meeting loan repayments due to redundancies and reduced hours of work, that many of those members are requesting a reduction in their loan repayments and that should the credit union accede to these requests the consequences would be that the percentage of loans in excess of five years would increase; and if he will make a statement on the matter. [7844/09]

Summary

129 Deputy Paul Connaughton asked the Minister for Finance if he will amend section 35 of the Credit Union Act 1997 as it relates to existing lending restrictions on credit unions; if his attention has been drawn to the fact that many credit union customers are experiencing difficulty in meeting loan repayments due to redundancies and reduced hours of work, that many of those members are requesting a reduction in their loan repayments and that should the credit union accede to these requests the consequences would be that the percentage of loans in excess of five years would increase; and if he will make a statement on the matter. [7844/09]

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• Financial Services Regulation.

  xml · EN · 25 February 2009

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