Banks have been accused of short-changing tracker mortgage victims by at least €7m after it emerged financial institutions have paid additional money to more than 1,000 people after their initial compensation offers were appealed.
Mon, 29 Jul, 2019
It must be a relief, even if a belated, inadequate one, for the thousands of individuals or families deliberately ensnared by the banks in the tracker mortgage scandal that lenders have paid €647m in refunds or compensation to customers caught up in the swizz, which goes back more than a decade.
Tue, 05 Feb, 2019
The financial adviser who did the hard spade work from 2009 uncovering the industry-wide tracker mortgage scandal says the tally of wronged customers will reach over 40,000 but that only a fraction of the €1bn-plus cost will go to wronged customers.
Thu, 26 Apr, 2018
The Central Bank has expressed its growing exasperation with Irish banks, and has hinted at imposing individual fines and claw backing pay of top Irish bank chiefs if they fail to come into line following their handling of the €1bn tracker mortgage overcharging scandal.
Fri, 23 Mar, 2018
Ulster Bank has come under a barrage of criticism after the “unprecedented” decision of outgoing chief executive Gerry Mallon not to turn up at an Oireachtas Finance Committee investigating the lender’s part in the €1bn tracker mortgage scandal.
Fri, 02 Feb, 2018