Results 16,221-16,240 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: When will everyone be fully repaid?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: The end of June?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Will that be achieved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Thus far, statements that have been made and pledges that have been given have not been honoured. Going back over the timeline of what was said here and what was said publicly, I think Ulster Bank is further behind in this process than any other main lender.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: The aim then is 3,500 by the end of June. I received more emails and correspondence from Ulster Bank customers in the past week or so than I have from customers of other banks. I am sure other committee members are the same. They are all telling us their own stories. They are very frustrated; they are getting the pro formastandard letter rolled off the computer every 60 days. It is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: I do not detect any confidence that Ulster Bank have gotten to the bottom of this and that 3,500 is the final number. I do not get that sense.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Are there cohorts or groups of customers not currently included in respect of which the bank is in some dispute or engagement with the Central Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: The Central Bank may have a different view or different interpretation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: It sounds like there are potentially other groups that Ulster Bank may conclude should be included?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: In what state are Ulster Bank's information technology systems? From reading Mr. Stanley's submission and looking at the history, I know the bank has had some unfortunate information technology glitches in recent years. It seems the bank's systems are in a bit of a mess.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: As of now, systems are not the problem or the reason the process is taking so long.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: That was an issue but it is being dealt with now.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Have the 1,000 customers who no longer are with Ulster Bank been contacted?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Am I correct that of that 1,000, half of them have not been contacted yet by Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Why not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: The impact on them is no less great than on current customers of Ulster Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Some of them may have switched to another provider and they could be arrears or may have lost their homes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: I suspect that this has not been assessed in respect of those customers, given they have not yet been contacted by the bank. As stated by Mr. Stanley, the bank is unable to identify who they are, where they are or what state they are in.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: In regard to the 100 cases in respect of which the bank is having challenges, is the problem that the bank cannot find contact details?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Michael McGrath: Of the 1,000 who are no longer customers of Ulster Bank, how many have received redress and compensation? Mr. Stanley mentioned earlier that the bank has contacted 500 of them.