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Ulster Bank still overcharges 2,000 victims of loan scandal

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Headline 18,000 Ulster Bank business customers overcharged by 36 million. resulting in an average refund of less than 2,000 per account. Up to 18k business loan accounts. to help raise.

18 months since the Central Bank first announced an industry-wide investigation of tracker mortgage issues, I still haven’t been contacted by Ulster Bank, writes Caitriona Redmond.

Ulster Bank is still overcharging 2,000 customers it identified almost two months ago as being caught up in the tracker mortgage scandal and is yet to tell people that they’ve been affected.

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Ulster Bank still overcharges 2,000 victims of loan scandal The Central Bank should "kick the ass of every bank up and down the country" for perpetuating "a culture that hasn’t changed", bosses of Ulster Bank were told as it conceded 2,000.

Approximately 40,000 customers of Ireland’s main banks were impacted by the scandal and the banks had paid a total of 647 million euros in redress by the end of 2018. Over 2,000 PTSB customers were.

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Fast forward to today, and nobody has lost their job over the largest overcharging scandal in Irish banking history that occurred across 11 different banks. The banking sector is full of codes of.

The CEO of Ulster Bank has said that 14 or 15 mortgage holders may have lost their homes after being incorrectly removed from low interest rate tracker loans by the bank.

Here’s an extract from the Bank. by loans and other forms of support from taxpayers. Just take households for a moment. They (we) have borrowed a record-smashing sum equivalent to around 175% of.

The royal commission will serve to identify lingering issues and clean up the sector which has been rocked by scandal over the past five years. In November, NAB fired 20 employees over loan. one.

ULSTER BANK HAS acknowledged that some business customers who have been. “The average refund due is less than 2,000.. Members were also focused on the ongoing tracker mortgage scandal, which saw tens of thousands of.. The arrogance and lack of responsibility is still there so we need.

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Banks ‘routinely overcharging’ on loan payments. The overcharged amounts usually involved 2,000 to 10,000 but ranged right up to 750,000 in the case of three loans held by one individual relating to one residential property and two commercial properties. Bankcheck says it has investigated more than 300 loans provided by Anglo and all of them involved overcharging.

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