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

3:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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I suggest that the bank is issuing legal proceedings against people who have engaged with it. To put it simply, there is a certain cohort of people who are not in a position to repay to Ulster Bank huge amounts of money that the bank lent to them but they should probably never have got. The bank has looked at sustainable solutions. We can deal with the sustainable solutions.