McCreevy’s community battle looms

AFTER the bitter hassle between Irish Credit Unions and Finance Minister Charlie McCreevy it would be regrettable if they were to become embroiled again in further argument.

Such a prospect may be looming in view of concerns voiced by the voluntary savings group that proposed legislation to set up a single new financial regulatory authority will undermine their special ethos and character.

Resentment is growing over what they perceive as a bid to regulate credit unions in the same way as banks.