herald

Monday 23 October 2017

CUs breach advert rule

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The country's credit unions are the biggest offenders for non-compliance with financial marketing rules designed to protect consumers.

An investigation by the Central Bank found that two-thirds of credit union adverts it studied failed to properly adhere to Consumer Credit Agreement regulations introduced by the EU in 2012.

The Central Bank said that the failure is significantly worse than that of banks or moneylenders.

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