Dáil debates
Thursday, 20 February 2014
Other Questions
Banking Sector Issues
10:20 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
In any restructuring of Ulster Bank's mortgage arrears unit, it must continue to comply with the code of conduct on mortgage arrears, CCMA, which sets out requirements for all mortgage lenders dealing with borrowers who are in mortgage arrears and provides a strong consumer protection framework to ensure that borrowers struggling to keep up with their mortgage repayments must be dealt with in a fair and transparent manner by their lenders. This will not change in any way regardless of whether the unit is in Dublin, Belfast or Edinburgh.
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