164 Deputy Ciara Conway asked the Minister for Finance if his attention has been drawn to the variety of lending restrictions that have been imposed by the Registrar of Credit Unions and the impact of these restrictions for credit unions and members; if it has been brought to his attention that the nature of these restrictions often means that good lending to good members cannot be made, in turn threatening the viability of credit unions by reducing the income from interest repayments on loans; if the new lending restrictions can be re-examined and applied on a more discerning basis in a way that provides credit unions with a clear rationale for any restrictions; and if he will make a statement on the matter. [2586/12]

Summary

164 Deputy Ciara Conway asked the Minister for Finance if his attention has been drawn to the variety of lending restrictions that have been imposed by the Registrar of Credit Unions and the impact of these restrictions for credit unions and members; if it has been brought to his attention that the nature of these restrictions often means that good lending to good members cannot be made, in turn threatening the viability of credit unions by reducing the income from interest repayments on loans; if the new lending restrictions can be re-examined and applied on a more discerning basis in a way that provides credit unions with a clear rationale for any restrictions; and if he will make a statement on the matter. [2586/12]

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Timeline

1. 17 January 2012

   Credit Unions

   164 Deputy Ciara Conway asked the Minister for Finance if his attention has been drawn to the variety of lending restrictions that have been imposed by the Registrar of Credit Unions and the impact of these restrictions for credit unions and members; if it has been brought to his attention that the nature of these restrictions often means that good lending to good members cannot be made, in turn threatening the viability of credit unions by reducing the income from interest repayments on loans; if the new lending restrictions can be re-examined and applied on a more discerning basis in a way that provides credit unions with a clear rationale for any restrictions; and if he will make a statement on the matter. [2586/12]

   Source: written

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• Credit Unions

  xml · EN · 17 January 2012

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• Ciara Conway · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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