A surprise decision by AIB to set aside an additional €300m to help compensate 5,900 more tracker mortgage

Irish banking faces another overcharging scandal, as EBS investigates the way it has bundled charges for building and life insurance payments and mortgage protection insurance into its monthly mortgage bills.

The tracker mortgage scandal has shattered lives and inflicted “huge human suffering and cost”, according to the Minister for Finance.

The costs of a record €21m fine the Central Bank imposed on Permanent TSB for its part in the industry-wide tracker mortgage probe should not be passed onto customers in higher loan costs and fees, the financial adviser who did the most to uncover the scandal has urged.

Philip O’Leary, managing partner of Cork law firm FitzGerald Legal & Advisory, has been appointed as a board member to the Irish Banking Culture Board (IBCB), funded by Ireland’s five main retail banks with the aim of rebuilding trust in the sector.

The new board set up to improve banking culture is "rigged" in favour of the lenders and not customers, one of the industry's biggest critics has claimed.

The financial adviser credited as one of the architects in exposing the €1bn tracker mortgage scandal has insisted he “will not become a member of the club” when joining the newly established banking culture board.

TDs and Senators have cast doubt on the effectiveness of the new board set up to improve the behaviour of banks in the wake of the €1bn tracker mortgage scandal.

Farming families are being “preyed upon” by so-called vulture funds who are “killing off farm businesses”, while small businesses are being intimidated into silence, according to bodies representing the sectors.

Some €1.5bn worth of so-called “warehoused mortgages” — where some regular payments are agreed and the rest of the sum is parked to the end of the term — will become the next controversy involving Irish customers.

The new chief at Bank of Ireland has pledged the bank will do a lot better as the bank’s directors faced a barrage of criticism from shareholders over its care of customers, the alleged lack of staff at its branches, and mistakes such as cheques being cashed with the wrong amounts.

At least 5,000 more customers could be affected by the tracker mortgage fallout, while the final bill could be “well above” €1bn, according to the financial advisor who exposed the scandal, writes Pádraig Hoare.

Another 5,000 cases could be added to the tracker mortgage scandal, according to the financial expert who helped expose the scandal.

The final bill for the tracker mortgage scandal could top €1bn and affect up to 40,000 customers, according to an advocate who has fought the banks for the last eight years.

The numbers involved in the tracker mortgage scandal will rise further and the banks must “now come clean” as to its full extent, says John McGuinness, chairman of the Oireachtas Finance Committee.

Finance Minister Paschal Donohoe has told the banks their neglect and failure to properly pay back and compensate tracker mortgage customers is “disgraceful” and should have been resolved by now.

Finance Minister Paschal Donohoe is to bring forward a range of measures tomorrow aimed at forcing banks to fully compensate thousands of customers wrongfully removed from their tracker mortgages.

Banks involved in the tracker mortgage scandal are expected to make fresh pledges to compensate affected customers after the Government gave company bosses a dressing down over “dragging their feet”.

There is an urgent need to defend and vindicate the rights of our citizens against a small number of corporations which at this stage are quite clearly out of control, writes James McNulty.

A “radical culture change” is needed if customer trust in the banks is to be repaired and restored, according to the deputy governor of the Central Bank.

To those who played a role and were responsible for this scandal, you are probably unmoved by my outrage, writes Daniel McConnell.

The Central Bank has been accused of a “dereliction of duty” after advising customers in dispute with banks over the tracker mortgage scandal to contact the financial services ombudsman or take legal proceedings themselves — despite believing the banks in question are in the wrong.

As many as 30,000 customers could have been overcharged by banks for their tracker mortgages and the costs of provisioning set aside by banks will inevitably rise, according to the financial adviser who first uncovered the scandal.

The Central Bank has been told to set a firm deadline for rectifying the tracker mortgage scandal.

Overcharged mortgages are in the news. Some call it skulduggery and some call it theft, but whatever it’s called, or how it is phrased, it is deceitful.

The tracker mortgage scandal will, “without a shadow of a doubt”, affect more than 30,000 customers before the authorities get to grips with the matter, far higher than the 15,000 currently estimated by the Central Bank.

Business Reporter Pádraig Hoare talks to four people whose lives have been irreparably harmed by the mortgage scandal.

The tracker mortgage scandal will, “without a shadow of a doubt”, affect more than 30,000 customers before the authorities get to grips with the matter, far higher than the 15,000 currently estimated by the Central Bank.

People have killed themselves after banks denied them their entitlement to a low-cost tracker mortgage, victims of the scandal have claimed.

Homeowners could save tens of thousands of euro if new Central Bank proposals on switching mortgages are implemented, according to financial experts.

Banks in Ireland had sought since 2009 to play down the tracker mortgage scandal which has had a “catastrophic” effect on customers, an expert in tracker mortgages has alleged at the Oireachtas Finance Committee.

The Central Bank is to be furnished with a report which claims that at least 100 KBC customers may have been taken off tracker loans and not returned to them, it emerged last night,