The Cooperative Credit Union League of Trinidad and Tobago maintains it is not opposed to the industry being regulated.
However, the league is requesting that proposed legislation to govern the sector be relevant and conducive to its operations.
Over the weekend senior officials of various Credit Unions met to discuss the draft policy which has been developed by the government.
In a News Power Now interview, President of the Cooperative Credit Union League, Joseph Remy, admitted that there is need to strengthen the regulations under which they function.
President of the Cooperative Credit Union League of Trinidad and Tobago, Joseph Remy