Monday June 1, 2020

Credit unions main target of EU criticism

EU Commission criticisms of poor lending standards in the Irish financial system relates almost exclusively to Irish credit unions.

8th June, 2013

EU Commission criticisms of poor lending standards in the Irish financial system relates almost exclusively to Irish credit unions, it has emerged. The commission is concerned that the lax availability of loans from certain credit unions is allowing some borrowers the latitude to avoiding facing up to financial reality.

In its latest report, the EU Commission urged the government to confront the re-emergence of lax lending standards in the financial system, adding that it had...

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