Tuesday March 31, 2020

Credit unions get green light for debit cards

Six credit unions are now poised to enter the current account market

7th August, 2016
Credit unions have been cleared to start using debit cards Pic: RollingNews.ie

The Central Bank has cleared the way for credit unions to make a bid for a share of the current account market.

Earlier this year the regulator clashed with a group of 11 credit unions planing to launch a debit card, and compete with banks in the current account market. The credit unions’ plan was scuppered by a debate over regulatory requirements, with the regulator saying at the time that credit unions that wanted to...

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