Credit unions and other unsecured creditors are set to face further losses as a result of the Central Bank's new policies for resolving mortgage arrears.
Under a new framework being hammered by the Central Bank out with the banks and other lenders, secured debt - such as mortgages - will be given formal priority over unsecured debt - such as personal loans and credit cards - in creating sustainable solutions for borrowers in arrears on...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team