Sinn Féin TD Brian Stanley says existing rules leave credit unions ‘handcuffed’
Irish League of Credit unions has written to members about its plan to tap fund
Lender representatives to urge Minister of State to back the setting up of new policy
‘Credit unions remains heavily dependent on unsecured personal lending’
Men should have been treated as prisoners of war, according to historian Gabriel Doherty
Deposits up 7% to €16.3bn in year to September
Sector struggling with excess deposits, with caps on savings becoming commonplace
Central Bank expects lenders will need to provide ‘significantly more’ than €500m
Regulator refused request to defer €22m in State levies and to reduce capital buffers
Budget for regulator represents 4% increase on previous year
Peer review report highlights calls for greater transparency across sector
Combined membership totals 3.4m with assets of €18.3bn
New regulations permit mortgages of up to 35 years after consultation feedback
Challenges remain for sector despite reversal of decline in loan-to-asset ratios
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