Empower credit unions to help housing crisis: report

Credit unions should be “empowered” in order help fix the housing crisis and the Government should change the law to make that happen, the Oireachtas finance committee is to recommend.

A draft copy of its report, obtained by the Irish Examiner, recommends a new tiered approach to oversight and control of credit unions based on their size.

However, it is a recommendation, proposed by committee members, that the credit union sector should be unleashed to help the housing crisis, which stands out.