Opinion
Ian Guider: Credit union movement is littered with scandal and disaster – just like the banks
A new era of competition is about to be ushered in. Have the local lenders learned from their mistakes?
Judging by the media blitz by Jennifer Carroll MacNeill, the junior minister in the Department of Finance, a new era of competition in banking is about to be ushered in. An overhaul of the legislation governing credit unions will allow them to double their capacity for mortgage lending, assisting their behind-the-scenes plans to launch a new nationwide home loans product.
Carroll MacNeill said it was an “enormous” opportunity for the “most trusted brand” in Ireland ...
