ILCU faces tough choice on staying out of debt plan

The Irish League of Credit Unions is facing a crunch decision this week over the Central Bank's new pilot scheme for debt resolution, writes Jon Ihle.

11th May, 2013

The Irish League of Credit Unions is facing a crunch decision as the board decides this weekend whether to continue opposing the Central Bank's new pilot scheme for debt resolution or to reconcile with the regulator over the terms of the programme.

ILCU representatives last week exited so-called burden sharing talks with other creditors after weeks of disagreement led them to decide that they did not want to participate in the Central Bank's proposed resolution...

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