ILCU warns members on overcharging

The Irish League of Credit Unions (ILCU) has written to its member unions, warning them to ensure they are not overcharging on members' payment-protection policies after their loans have been paid off.

18th June, 2005

The Irish League of Credit Unions (ILCU) has written to its member unions, warning them to ensure they are not overcharging on members' payment-protection policies after their loans have been paid off.

This weekend, Liam O'Dwyer, chief executive of the ILCU, said the letters, which were sent in the last couple of weeks, were written as a result of ongoing interaction between the organisation and the Irish Financial Services Regulatory Authority (IFSRA), the financial regulator,...

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