Credit Unions (Trust Deeds)

Part of Enterprise, Lifelong Learning and Transport – in the Scottish Parliament at 2:17 pm on 9th March 2006.

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Photo of Allan Wilson Allan Wilson Labour 2:17 pm, 9th March 2006

I am aware of the issues that the member mentioned—not least because she has brought them to my attention previously—and would be pleased to meet credit union representatives.

What the member said about the increased use of protected trust deeds is correct. It is generally accepted across the political spectrum and across the industry—if I may call it that—that protected trust deeds, which the previous Government introduced, must be reformed. Given the experience of credit unions in that field, the opinions and advice that they can provide will be useful to us as we move in that direction.