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Credit Unions (Devolution)

– in the Scottish Parliament on 15th September 2011.

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Photo of Richard Lyle Richard Lyle Scottish National Party

3. To ask the Scottish Executive what its position is on calls by credit unions for regulation of the industry to be devolved to the Scottish Parliament. (S4O-00146)

Photo of John Swinney John Swinney Scottish National Party

The Government believes that Scotland should have greater responsibility for the decisions that affect our economy and our collective prosperity, including decisions on the work of credit unions.

Photo of Richard Lyle Richard Lyle Scottish National Party

Does the cabinet secretary share my concern that credit unions in Scotland are now being instructed by the Financial Services Authority to furnish a well-known credit reference agency with their individual members’ personal details?

Photo of John Swinney John Swinney Scottish National Party

I am aware of the issue, which was the subject of representations that Mr Lyle made to me on behalf of the Newarthill credit union. I will work to address the issues raised. I understand the concerns and we will work to identify whether a solution can be delivered to improve the position and allay the fears of the credit unions.

The Presiding Officer:

Question 4 has been withdrawn although I note that Joan McAlpine is in the chamber.