Under draft regulations, credit unions must hold the first legal charge secured on the property for any house loans made following commencement of the new rules

Word that the Irish League of Credit Unions is at an “early stage” in considering the feasibility of its members offering mortgages has provoked much (...)

The Central Bank’s new mortgage lending rules will impose an income multiple limit of 3.5 times salary on  first time buyers and those trading up. (Photograph: Matt Kavanagh/The Irish Times)

The full extent of efforts to get the Central Bank to change its mind on its new mortgage lending rules are evident in the 157 responses the regulato(...)

Irish League of Credit Unions headquarters on Mount Street in Dublin . Photograph: Frank Miller/Irish Times

Credit unions could provide billions more in loans to small- and medium-sized businesses if they were allowed to centralise funds within a new structu(...)

Protesters outside Newbridge Credit Union this week after it was taken over by Permanent TSB. Photograph: Eamonn Farrell/Photocall Ireland

There was a whiff of irony to the news this week that taxpayers are coughing up for yet another bailout of a private financial institution, coming as (...)

 Newbridge Credit Union (NCU) protest meeting. The board, which has fought with the regulator over the running of NCU for years, said it is working on a plan with its lawyers. It said the financial stability laws used to force the PTSB deal were never intended for credit unions.

The board of Newbridge Credit Union (NCU), which this week received a €54 million government bailout and was subsumed by Permanent TSB, has criticise(...)

With Newbridge Credit Union dominating the headlines thanks to its swift transfer to Permanent TSB at the behest of the Central Bank, credit unions ha(...)

Willie Crowley, chairman of Newbridge Credit Union Action Group, centre, with Declan Brown and Maria McDonald  at Ryston Social Club yesterday*. Photograph: Colin Keegan, Collins Dublin

The Central Bank believes it is powerless to sanction the directors and managers of Newbridge Credit Union (NCU) for a litany of alleged rules b(...)

Members of the Newbridge Credit Union Action Group protest outside the  Newbridge Credit Union Offices in Co Kildare today  following a transfer of its loans and savings to PTSB.    Photograph: Bryan O’Brien/The Irish Times

Newbridge Credit Union opened as normal this morning, following a last minute reprieve yesterday evening when the High Court, as a “matter of urgency”(...)

The Central Bank wrote to each of the country’s 396 credit unions on Friday inviting them to meetings where it hopes to persuade them to participate in its scheme

The Central Bank of Ireland is hoping to persuade a large number of individual credit unions to participate in its pilot schem(...)

The Central Bank deal will help people who  have built up debts with multiple lenders

Overstretched borrowers could receive a write-down or write-off of some of their debt following an agreement struck yesterday (...)

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