Tuesday 22 May 2018

Ulster Bank in U-turn on tracker date

Ulster Bank will appear before the Oireachtas Finance CommitteePhoto: PA
Ulster Bank will appear before the Oireachtas Finance CommitteePhoto: PA
Independent.ie Newsdesk

Independent.ie Newsdesk

Ulster Bank has done a U-turn and will now appear before the Oireachtas Finance Committee next week to explain why it is so slow refunding customers who lost tracker mortgages.

The bank had wanted to delay its appearance until the end of February.

It comes after the bank was strongly criticised for missing deadlines to refund around 3,500 of its customers overcharged on trackers or denied the good-value mortgage.

The bank claimed that it would be unable to fully answer all the questions likely to be put to it by politicians as it is what is called a "closed period" ahead of the results.

Irish Independent

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