Eamon Quinn: In plain sight, Irish bank customers are being overcharged

Facing meltdown in the financial crisis, the Irish banks a dozen years ago started to devise a number of tricks to separate customers from their trackers.

KBC was the second bank to be fined for its part in the industry tracker mortgage scandal, with the regulator last week turning up the heat in condemning the lender in no uncertain terms.

The Central Bank is working through its list of enforcement actions that will end up in it slapping fines on all the Irish mortgage lenders, as it attempts to bring some sort of accountability to banks for ripping off their customers over many years.