Pressure for legislation to protect mortgage customers

The Government will face pressure this week to enact fresh legislation for class action court cases, to sanction the banks, and to launch a full investigation into the tracker mortgage scandal.

Fianna Fáil will push for the tough measures to protect borrowers ripped off by lenders who wrongly changed the interest on mortgage repayments and moved customers on to more costly rates.

The move is likely to embarrass the Government as it scrambles to contain the outcry over the mortgage scandal, which has seen more than 20,000 customers ripped off by lenders.