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Tag: what is a credit union?

Credit Unions not to be fined after all following FSA ruling

3rd May 201218th April 2017

The Financial Services Authority have publicly censured two credit unions, based in Glasgow after they were found to have broken lending rules. Shettleston and Tollcross Credit Union was reported to have loaned money to Directors at preferential rates and Pollock Credit Union made a number of big loans to a client not holding a membership. […]

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