As noted, credit unions are subject to an interest rate cap of 2% per month. Furthermore, in April 2024, the Minister for Finance signed legislation removing the prohibition on charges on loans, which was applicable to credit unions since 1997. Prior to the removal of this requirement in April of this year, the interest on a loan included all the charges made by the credit union in making the loan. As a result, any further prohibitions or limitations regarding specific charges or fees applied by creditors should not be applicable to credit unions.