Written answer
Credit Unions
803. Deputy Joe Cooney asked the Tánaiste and Minister for Finance whether his Department has engaged with organisations (details supplied) regarding the potential for credit unions to provide solicitor client-account services; whether any legislative or regulatory barriers have been identified; and if he will make a statement on the matter. [62894/26]
Comment on this
I am not aware of any specific proposals having been submitted to my Department in relation to this matter and, accordingly, no detailed assessment has been undertaken of any potential legislative or regulatory implications. There was extensive stakeholder engagement during the development of the Credit Union (Amendment) Act 2023 and this issue was not raised at that stage.
My officials remain available to engage with relevant stakeholders on matters relating to credit unions, including the potential for credit unions to provide solicitor client-account services.