§ Mr. DrewTo ask the Chancellor of the Exchequer what discussions he has had with ABCUL over the proposal that credit unions should introduce a central services unit. [150843]
§ Miss Melanie JohnsonThe Treasury maintains regular contact with ABCUL and the other representative bodies.
§ Mr. DrewTo ask the Chancellor of the Exchequer if he will investigate restrictions on credit unions regarding their ability to(a) lend to and (b) borrow from other voluntary groups. [150844]
§ Miss Melanie JohnsonThe Government will be consulting shortly on a number of measures aimed at relaxing some of the restrictions on credit unions' operational powers
§ Mr. DrewTo ask the Chancellor of the Exchequer (1) what discussions he has had with the Post Office network on allowing access by credit unions to its network; [150845]
(2) what plans he has to uprate the maximum amount an individual is allowed to borrow from a credit union. [150846]
§ Miss Melanie JohnsonResponsibility for the regulatory framework for credit unions is being transferred to the Financial Services Authority (FSA). The FSA is currently consulting widely on the new framework.
§ Mr. DrewTo ask the Chancellor of the Exchequer what discussions ha has had with the Financial Services Authority on the requirement of bonds from credit unions. [150847]
§ Miss Melanie JohnsonThe Government have no role in the regulation of credit unions, which is the responsibility of thin Financial Services Authority.