Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Ulster Bank

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

There were great expectations about the witnesses perhaps presenting more definite answers this morning on what is going to happen. Telling them that it will be well into 2018 before they will have any information is not the way to treat customers.

I have a couple of questions about the vulture funds. I was in the repossession courts in Castlebar in recent weeks where there were approximately 140 repossession cases, quite a number of which involved Ulster Bank. People had received letters from the vulture fund saying it now owned their mortgage. This is frightening the life out of people and, in many cases, frightening people out of their homes. Will Mr. Mallon tell me how many family homes, in particular, were sold off to vulture funds to date?

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