Sinn Féin’s spokesperson on finance Pearse Doherty: ‘These ultra-high interest rates are unethical, immoral and trap vulnerable borrowers into vicious cycles of debt.’ Photograph: Dara Mac Dónaill/The Irish Times

Sinn Féin wants to cap the cost of credit moneylenders can charge at no more than three times the market average. The party’s finance spokesman, Pear(...)

The return on lending for credit unions won’t be significant, but it will offer another stream of business. Photograph: Colin Keegan, Collins Dublin

Credit unions around the country look set to finally start lending for social housing, after years of lobbying and discussion. Such a move would ramp (...)

Credit unions are also obliged to place €10 of every €100 saved into a reserve fund under Central Bank regulations.

A Cork credit union is to become the first in Ireland to introduce charges on accepting member deposits, as the sector continues to grapple with the c(...)

The reduction of the stabilisation fund charge means that for a credit union with €100m in assets, the levy in 2021 would have been €16,400, but will now be reduced to €1,554. File photograph: Frank Miller/The Irish Times

Minister for Finance Paschal Donohoe has reduced the two main regulatory levies imposed on credit unions to afford them financial head room amid the C(...)

Upwards of 42 per cent of the parents worried about their child’s mental health for the upcoming term if they did not return to school in a full-time classroom setting, with a further 41 per cent concerned about their children catching up on missed teaching. Photograph: iStock

Over a fifth (22 per cent) of Irish parents have experienced a reduction in household income due to Covid-19. A similar number (21 per cent) have foun(...)

Three-quarters of parents say back-to-school costs are a financial burden, according to a survey last year by the Irish League of Credit Unions (ILCU). Photograph: Dave Thompson/PA

Parenting while working from home in a pandemic has been fun. But with any luck, this 18-week long play date is coming to an end, as children return t(...)

Collapse of Drumcondra Credit Union marks the fifth time the deposit guarantee scheme has been invoked. Photograph: Colin Keegan/ Collins Dublin

Compensation of about €12.9 million has been paid to members of Drumcondra and District Credit Union following its collapse earlier this month after e(...)

As many as 82 per cent of credit unions in Connacht have introduced payment breaks. Photograph: Colin Keegan/Collins Dublin.

More than 60 per cent of credit unions are offering payment holidays, a survey carried out on behalf of the Irish League of Credit Unions (ILCU) has f(...)

Provisional liquidators have been appointed to Drumcondra and District Credit Union after efforts to fold its business into a stronger peer failed. Photograph:  Colin Keegan, Collins

Provisional liquidators have been appointed to Drumcondra and District Credit Union after efforts to fold its business into a stronger peer failed. Th(...)

ILCU chief executive Ed Farrell: ‘It is disappointing that the regulator is maintaining the status quo in the changed circumstances’

The Irish League of Credit Unions (ILCU) has accused the sector’s regulator of double standards after it denied its request for leeway on regulation d(...)

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