Ed Farrell

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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(...)

Scheme offers an 80 per cent State guarantee to participating lenders to provide Irish businesses with access to low-interest loans.

Eight additional credit unions have signed up to participate in the Government’s €2 billion Covid-19 credit guarantee scheme, bringing the total numb(...)

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(...)

The Irish League of Credit Unions headquarters on Mount Street, Dublin. Photograph: Frank Miller

The credit union movement has moved a step closer to entering the mortgage market, following a vote at the annual general meeting on the Irish League (...)

Fianna Fáil leader Micheal Martin: set to  outline his strategy for the forthcoming Dáil term. Photograph: Brian Lawless/PA Wire

Fianna Fáil leader Micheál Martin will outline his strategy on Monday for the forthcoming Dáil term, which will be dominated by October’s budget. The(...)

 A credit union survey found the average cost of sending a child to a non-fee-paying primary school in the coming year will be just under €1,000, while the cost of a “free” education in any of the State’s secondary schools will climb to almost €1,500. File photograph: Dave Thompson/PA Wire

As many as one in eight parents say they will have to sacrifice spending on food in the weeks ahead to cover the cost of sending their children back t(...)

The latest poll from the Irish League of Credit Unions (ILCU) might give retailers pause for thought. It suggests consumers will spend an average of €563 this Christmas, compared with €600 last year. File photograph: Bryan O’Brien

Irish consumers seem set to temper their Christmas spending this year as the number who believe too much is spent over the festive season hits almost (...)

Adding up: Mary Clarke, a volunteer Clontarf at Credit Union, and other parents have introduced the idea of saving with the credit union to Conor Lynch and others in Belgrove Senior Boys School. photograph: brenda fitzsimons

It’s a curious time for credit unions. On the one hand, those in the movement would like to see the sector move into the gap left vacant by the depart(...)

Students living outside the home will spend an average of €1,033 a month compared with an average monthly spend of €474 for those living at home. Photograph: Thinkstock

The number of parents who say they will have to support college-going children next year has risen sharply, according to a new survey. Some 94 per ce(...)

All told, 81 per cent of parents of schoolgoing children said sending their children back to school in September would be a significant financial burden, with 32 per cent saying they would be likely to get into debt to cover the cost. File photograph: Dave Thompson/PA Wire

The average cost of sending a child to a non-fee paying primary school in the coming school year will top €800, while the cost of a “free” education i(...)

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