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When everyone has a home

028 9024 5640: Housing & Debt Helpline for Northern Ireland

September 2013

A Response to Credit Unions and Industrial Provident Societies Bill

As part of the ongoing reform of credit unions, the Department for Enterprise, Trade and Investment (DETI) released for consultation proposals for legislative change. The proposals mirrored some of the major recent legislative developments in Britain. They included, for example, amending the rules relating to the common bond for membership, allowing credit unions to admit corporate members and considering increasing the 1% per month interest rate cap on loans. 

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