A.E.M.A.

Housing bid by credit unions up for review

The Central Bank is prepared to review rules that restrict credit unions from helping to fund social housing.

But the regulator for the sector warned that many credit unions are falling below the regulatory standards required.

Register of credit unions at the Central Bank Anne Marie McKiernan was responding to fierce criticism of her office earlier in the week."

Credit union bodies expressed frustration over the failure by regulators and the Government to make changes to allow them to help fund social housing.

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