I asked the Taoiseach a few weeks ago to check what legislation was imminent on foot of the announcement by the Minister of State, Deputy English, about the mortgage-to-rent scheme being extended to allow for credit union participation. Has the Taoiseach found out whether the legislation is imminent? The credit union movement has not been consulted on the issue and I would have expected it to be consulted before the implementation of such legislation and such a pilot scheme.

Regarding money currently available to credit unions to be used for housing purposes, the Central Bank must give its approval for this as it is the regulator. I will ask the Minister, Deputy Coveney-----

That is not what the Taoiseach said two weeks ago, despite the fact that I already knew that.

-----to deal with the question of the legislation.

Specifically, the Minister of State, Deputy English, announced on national radio that credit unions would be included in the extension of the mortgage-to-rent scheme, which allowed for private equity funds to purchase 36,000 bad debt loans.

I will check the issue of credit unions for the Deputy and come back to him, but my understanding is that the relaunch and revamp of the mortgage-to-rent scheme, which I think he and many others have welcomed, needs to extend across all the financial institutions.