Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Behaviour and Culture of the Irish Retail Banks Report: Central Bank of Ireland
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
The committee heard previously from the Central Bank about Ulster Bank and information technology difficulties that were causing delays in making payments. The committee was told last year that all of this would be paid in the first quarter of 2018. It will now be the first quarter of 2019 before people get payments. We were told additional action could be taken by the Central Bank. Is the Central Bank proposing to take action against banks that have been dragging their feet for the past number of years and have illegally taken money from customers' accounts that still has not been returned?
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