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Ireland · Question · written

PQ 327

327. Deputy Thomas Pringle asked the Minister for Finance for an update on his intentions to commence certain provisions of the Credit Union and Co-operation with Overseas Regulators Act 2012, as part of the Consultation Paper 88 issued by the Central Bank which is to be enacted by 1 January 2016; if he is aware of the concerns raised by members of credit unions, such as the imposition of a €100,000 cap and lending restrictions, and the regulatory reserve ratio, which ultimately restrict credit unions' involvement in important social issues, such as funding social housing; and if he will make a statement on the matter. [38114/15]

askedIreland· Dáil Éireann· EN

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3 November 2015

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3 November 2015

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327. Deputy Thomas Pringle asked the Minister for Finance for an update on his intentions to commence certain provisions of the Credit Union and Co-operation with Overseas Regulators Act 2012, as part of the Consultation Paper 88 issued by the Central Bank which is to be enacted by 1 January 2016; if he is aware of the concerns raised by members of credit unions, such as the imposition of a €100,000 cap and lending restrictions, and the regulatory reserve ratio, which ultimately restrict credit unions' involvement in important social issues, such as funding social housing; and if he will make a statement on the matter. [38114/15]

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