Comments on: Another change to your savings limit https://www.creditunionupdate.com/regulation/another-change-to-your-savings-limit/ Fri, 27 Apr 2018 07:37:05 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steven Cunningham https://www.creditunionupdate.com/regulation/another-change-to-your-savings-limit/#comment-155 Wed, 08 Jul 2015 09:58:23 +0000 http://www.creditunionupdate.com/blog/?p=642#comment-155 In reply to Lesley Kay.

It is one of a number of worrying changes set out in the proposals and does further restrict the sector.

]]> By: Lesley Kay https://www.creditunionupdate.com/regulation/another-change-to-your-savings-limit/#comment-154 Tue, 07 Jul 2015 12:46:05 +0000 http://www.creditunionupdate.com/blog/?p=642#comment-154 Hi Steven,

I agree with Ian on this, we need more opportunities to grow and I am not sure of the benefit to anyone in relation to this change.

]]> By: Ian Atkins https://www.creditunionupdate.com/regulation/another-change-to-your-savings-limit/#comment-153 Tue, 07 Jul 2015 09:49:35 +0000 http://www.creditunionupdate.com/blog/?p=642#comment-153 Hi Steven,
I agree with your interpretation of the PRA’s proposal. I believe that they are trying to stifle Credit Union Growth by placing tougher restrictions, while allowing the mainstream Banks who caused the problems in the first place to continue their riskier business model.
I think this proposal should be challenged by all CU’s and by ABCUL as a restrictive and discriminative practice.
It seems to me that this law is biased in favour of the big banks and detrimental to the growing CU sector who although managed by unpaid directors are more ethical and trustworthy.

]]>