€647 million has so far been paid out in redress and compensation as a result of the tracker mortgage scandal.

An extra 1,400 customers affected by the tracker mortgage scandal have been identified by the Central Bank, bringing the current count to just under 40,000.

The numbers affected by the tracker mortgage scandal have risen yet again to 38,400, the Central Bank governor Philip Lane will reveal today.

A body to be set up in the wake of the €1bn tracker mortgage scandal and a decade after the financial crash has asked for the public’s submissions on the culture of banks.

Bank of Ireland is set to fork out more than €137m in compensation to those affected by the tracker mortgage scandal.

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.

A further 3,400 customers have been identified who had their tracker mortgages wrongly removed or were overcharged by their banks.

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

Banks who overcharged customers are still fighting “tooth and nail” to avoid paying compensation for the tracker mortgage scandal, the Dáil has heard.

The number of people identified as losing their homes as a result of the tracker mortgage scandal could double in the coming months it has been claimed.

The number of people identified as losing their homes as a result of the tracker mortgage scandal could double in the coming months it has been claimed.

Nearly 2,500 tracker mortgage customers of KBC Ireland remain on the wrong rate since the €1bn scandal was uncovered, its chief executive has said.

Banks need to write off the debt from distressed mortgages, according to the Chair of the Oireachtas Finance Committee.

Borrowers ripped off by the tracker mortgage scandal have been paid up to an average €45,000 in compensation and redress, new figures show.

Finance Minister Paschal Donohoe says he believes those affected by the tracker mortgage scandal will rise above the current 33,000 but will be “incremental rather than substantial” in number.

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.

KBC Bank has announced that a provision of €54.5m has been set aside to deal with the tracker mortgage scandal.

All of the main banks are expected to be subject to Central Bank enforcement investigations, according to Deputy Governor of the Central Bank Ed Sibley.

At this stage, our national response to a new white-collar crime scandal is as formalised as any Kabuki masterwork.

The European Central Bank has been urged to return to Ireland to oversee tracker-mortgage compensation plans, as the opposition claims not enough is being done to address the crisis.

The Central Bank could impose €10m worth of fines on each bank guilty of ripping off 20,000 victims of the tracker mortgage scandal if they fail to immediately address what happened.

The Independent Alliance (IA) sought this week to have the assets of the banks frozen and their banking licences revoked over the tracker mortgage scandal, only to be rebuked strongly by Finance Minister Paschal Donohoe, the Irish Examiner can confirm.

Former junior finance minister Brian Hayes has asked the EU to investigate if Irish banks operated a “cartel” in the tracker mortgage scandal and if they collaborated in ripping off thousands of customers.

For the first time, Bank of Ireland has said it may have to put aside more money to meet the costs of the tracker mortgage scandal, but says any additional amount will be “manageable”.

ONCE upon a time, the parish priest, the bank manager, and the headmaster were numbered the most influential figures in a community.

Finance Minister Paschal Donohoe has been accused of “being played for a fool” after his solution to the mortgage tracker rip-off scandal has been declared a “charade”.

Once all the anger was vented, we were left with very little, writes Daniel McConnell.

A financial adviser who has assisted customers who were taken off tracker mortgages has said the banks’ statements on the scandal have been “more of the same”.

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.

Compensation for customers wrongly removed from their tracker mortgages will not be capped, the governor of the Central Bank has said.

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”.

LATEST: The CEO of Permanent TSB today stated his desire to see people wrongly taken off tracker mortgages compensated by Christmas.

Bank chiefs are facing the threat of tougher levies or even fines if they fail to set out how and when customers ripped off by the tracker mortgage scandal will be properly repaid and compensated.

A district court judge has likened the tracker mortgage scandal to “bank robberies” and revealed that he, too, was overcharged by his bank to the tune of €17,000.

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.

An advocacy group for people who lost their homes as a result of the tracker mortgage scandal will take “aggressive” action against banks.

The victims of the tracker scandal found themselves at the mercy of the banks when it was raining cats and dogs, writes Michael Clifford.

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

Gardaí could be asked to launch an investigation into the tracker mortgage scandal after the country’s biggest banks were accused of “cartel behaviour” and of committing “grand theft” against at least 20,000 customers.

Analysis

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.

The Government will ruthlessly pursue banks for their failures to address the tracker mortgage scandal and may increase the bank levy, create new taxes or ask the gardaí to become involved if necessary, says Education Minister Richard Bruton.

LATEST: Homeowners and investors have lost more than 100 properties through the mortgage tracker scandal, the Governor of the Central Bank has said.

Three other borrowers sat alongside Thomas Ryan in Leinster House and waived their anonymity to give emotional testimony of the impact mortgage overcharging has had on them.