Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

2:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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It is incredible that approximately 6,500 of the bank's 14,000 customers in mortgage arrears are essentially in the legal realm. In launching the mortgage arrears targets programme the Central Bank and the Government hoped to generate some action. I am not sure this is the type of action they envisaged.