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Credit Unions

Part of Question Time — Scottish Executive — Finance and Sustainable Growth – in the Scottish Parliament at 2:15 pm on 11th September 2008.

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Photo of Hugh O'Donnell Hugh O'Donnell Liberal Democrat 2:15 pm, 11th September 2008

Several credit unions in South Lanarkshire have expressed concern about their limited access to the fairer Scotland fund. The information that I have received suggests that some regulations exclude them from drawing down money from that fund.

I understand that some credit unions might face serious difficulty because people might use the new regulations on low-income, low-asset debtors to avoid paying debts to credit unions. Will the minister look into that?