-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/2022-04-28/33/
28 Apr 2022 -
Second, banks and vulture funds continue to seize and sell off family farms all over the country, with...His first-hand knowledge of the difficulties faced by farm families and his exceptional legal expertise...have been instrumental in the publication of this Bill....This Bill provides an approach to credit and impaired credit which is sui generis , or of its kind, and...unique to the farm enterprise.
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
being ambitious enough, but we have to strike a balance and reduce rates without reducing access to credit...We can reduce rates right down but we might not have any companies providing credit if it is not viable...We want to make sure that the people we are talking about have access to credit....If we make it unviable for providers, then people will not have access to credit except through the illegal...That is provided for in the Bill.
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
are paying possibly ten to 12 times more than if they had received the same amount of money from a credit...They must pay hundreds of additional euro than if they had got that loan from a credit union....loan as the current loan is expiring, which means the person is in a continuous period of high-cost credit
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
They have told us that what we need to try and do is funnel people into It Makes Sense loans in the credit...union and the basic loans from the credit union as well.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/2022-03-10/40/
10 Mar 2022 -
Deputy Martin Kenny I am very glad to have the opportunity to speak on this Bill....and people are hardly able to manage even though they are out there working hard to try to pay their bills...The credit union movement has been campaigning....Yet nothing has been done to assist them to enable the credit unions to be able to offer more services...Members of credit unions have received letters from the credit unions to say there is a limit on what
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/2013-05-21/6/
21 May 2013 -
Deputy Michael Noonan The Department of Finance and I have a very good relationship with the credit...union movement, both at national level and with individual credit unions around the country....The Deputy will recall that when the legislation to restructure the credit union movement was brought...Uniquely, the Credit Union Bill passed all Stages in the Dáil and the Seanad without a division....Where there is impairment, funds will be provided to repair, where necessary.
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
prioritise moneylender loans above other types of loan because it is the last opportunity for them to access credit
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/2012-11-28/8/
28 Nov 2012 -
Deputy Michael Noonan The position is that there is nothing in the Bill that does not already apply...to the credit union movement....from the definition section, that there may be an importing of additional legislation to be applied to credit...I must move expeditiously because, as everyone knows, there are impaired credit unions which will need...it is the fallow period between the different Stages that I must shorten in order that I can get the Bill
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/2022-03-10/40/
10 Mar 2022 -
However, the Bill is a poor cousin of my colleague, Deputy Doherty's, Consumer Credit (Amendment) Bill...It is unfortunate that this Bill is weaker, watered-down version of his Bill because the situation is...As Deputy Doherty outlined, the differences in the two Bills are clear....the market average, much less than that in the Government Bill....It should have happened when Deputy Doherty and Sinn Féin introduced his Bill.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/1928-07-05/28/
5 Jul 1928 -
HOGAN Suppose there is a farm worth £300. The registered owner is A.; his brother is B....They are equally entitled to the farm, but A is the registered owner of the place....The Agricultural Credit Corporation grants a loan of £150....A gets the loan and it is registered against the land; he fails to pay back, and the Agricultural Credit...Corporation sells the farm for £300.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/1978-02-15/4/
15 Feb 1978 -
There-fore, under this Bill, the ACC should be granted power—in fact, they should be directed by this...House on behalf of the farming community—to allow credit facilities to persons and to ensure that the...that the Minister will be able to tell me in a few minutes from now that to have a provision in the Bill...Such a provision in the Bill should not restrict the ACC in the amount of money they would lend to a...This Bill must be seen to encourage farmers to transfer their farms at an early age.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/1929-06-27/12/
27 Jun 1929 -
When he came to deal with the Agricultural Credit Bill he showed that he was suffering from a kind of...invincible ignorance, because he pointed out most of the defects of the previous Bill....Credit could not be administered without having men with expert knowledge of farming, so that they would...know where these loans should be given, not merely on title, which is often complicated—this Bill is...by sweeping away the small farms and leaving only farms of 200 acres—he must change his whole attitude
-
Debate: Seanad Éireann
https://www.oireachtas.ie/en/debates/debate/seanad/2022-06-22/17/
22 Jun 2022 -
Deputy Sean Fleming I understand the Senator's point regarding credit unions....Wearing my hat as Minister of State with responsibility for credit unions, I would encourage everyone...I fear that some of the people in question have exhausted their credit limits with their credit unions...the minimum interest for a credit card loan to be profitable....I would encourage anyone to go to his or her credit union.
-
Debate: Seanad Éireann
https://www.oireachtas.ie/en/debates/debate/seanad/2022-06-01/26/
1 Jun 2022 -
State at the Department of Finance (Deputy Sean Fleming) I thank all the Senators who spoke on the Bill...The first question asked was how this will all work because we have given just an outline of the Bill...We all know that credit cards have interest rates of 20% and more per annum....This Bill will bring that down to a simple interest rate of 48%, a dramatic reduction but still high....Reference was made to credit unions. They have a loan product called It Makes Sense.
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
people that before they go to a moneylender, they should check all of their other options, including credit...unions and loan supports by the State through the credit union movement, and other retail banks.
-
Debate: Select Committee On Finance, Public Expenditure And Reform, And Taoiseach
https://www.oireachtas.ie/en/debates/debate/select_committee_on_finance_public_expenditure_and_reform_and_taoiseach/2022-05-11/2/
11 May 2022 -
statistics on that but it is a common way for people to hear about a particular moneylender or high-cost credit...The credit unions have a good product out there....Some 102 credit unions have an offer called It Makes Sense, which are loans to help customers with household...In many of these communities the credit unions are having an impact.
-
Debate: Seanad Éireann
https://www.oireachtas.ie/en/debates/debate/seanad/2022-06-22/17/
22 Jun 2022 -
The Minister shall prescribe in respect of a loan (other than a running account) under a high cost credit...(b) A maximum rate of interest prescribed under this subsection shall apply to a high cost credit agreement...The Minister shall prescribe in respect of a loan (other than a running account) under a high cost credit...(b) A maximum rate of interest prescribed under this section shall apply to a high cost credit agreement...(Amendment) Bill.
-
Debate: Seanad Éireann
https://www.oireachtas.ie/en/debates/debate/seanad/2022-06-22/17/
22 Jun 2022 -
Our amendment ensures that the total cost of credit that a moneylender can charge would reduce from six...to three times the average cost of credit on an equivalent credit union loan.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/1975-07-17/36/
17 Jul 1975 -
Enright Before the Parliamentary Secretary replies I should like to deal with the Bill....This is a Bill that everybody welcomes....The amount of money allocated to the Agricultural Credit Corporation is being increased from £120 million...If given the opportunity and credit they are prepared to put their shoulders to the wheel and make their...All represent rural Ireland and the farming community.
-
Debate: Dáil Éireann
https://www.oireachtas.ie/en/debates/debate/dail/1961-04-13/6/
13 Apr 1961 -
McQuillan The first thing we should bear in mind in discussing credit for the farming community is the...One would think the Government would be most anxious to give facilities to the farming community to enable...There is no possibility that the majority of our small farmers can obtain credit at a reasonable interest...rate, whereas the small farmer in many European countries can get credit at from three to four per cent
