Financial Exclusion: Access to Cash — [Sir Henry Bellingham in the Chair]

Part of the debate – in Westminster Hall at 10:48 am on 21st May 2019.

Alert me about debates like this

Photo of Paul Sweeney Paul Sweeney Shadow Minister (Scotland) 10:48 am, 21st May 2019

I spoke to John Lyons, who runs the Carntyne and Riddrie Credit Union. He made it clear that the reason the Greater Milton and Possilpark Credit Union failed my constituents was that credit unions were previously allowed to share resources between each other. Owing to punitive restrictions on regulations, that is no longer the case, which is why individual credit unions are more vulnerable to failure.