Fianna Fail Spokesperson for Finance Michael McGrath TD has called on the KBC Group to apologise for comments on the tracker mortgage scandal.
Fianna Fail Spokesperson for Finance Michael McGrath TD has called on the KBC Group to apologise for comments on the tracker mortgage scandal.
KBC Bank Ireland has confirmed that it will not challenge customer complaints in relation to the tracker mortgage scandal on the basis of time limits.
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The Financial Services Ombudsman has warned that hundreds of borrowers who believe they were affected by the tracker mortgage scandal may find their complaints judged out of date.
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The Financial Services Ombudsman, Ger Deering, has raised concerns that some banks are contesting his office's attempts to investigate complaints, claiming they fall outside a legal six-year time limit.
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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.
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The tracker mortgage scandal has shattered lives and inflicted “huge human suffering and cost”, according to the Minister for Finance.
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The Finance Minister Paschal Donohoe has said he "deeply regrets" that more than 300 people lost their homes because of the tracker mortgage controversy.
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The Central Bank’s final report into the controversy shows just over 40,000 people were denied cheaper interest rates on their mortgage.
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Former Fine Gael MEP Brian Hayes has defended financial services in Ireland from what he called "bank-bashing" and groupthink".
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Permanent TSB has been fined €21m by the Central Bank of Ireland for regulatory breaches affecting tracker mortgage customers
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A mortgage rights campaigner has called on the newly-appointed AIB chief executive to add 6,000 customers to its tracker mortgage redress and compensation scheme.
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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.
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Consumer advocates and politicians have stepped up their calls for individual bankers to be held to account for the €1bn tracker mortgage scandal, which involves around 40,000 cases.
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€647 million has so far been paid out in redress and compensation as a result of the tracker mortgage scandal.
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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.
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Update 9.45: The Transport Minister says the Irish banks are unable to feel pain and unable to feel conscience despite the tracker mortgage scandal.
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About 3,200 customers affected by the tracker mortgage scandal have still not received redress and compensation almost three years after a Central Bank examination into the scandal began.
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Central Bank governor Philip Lane appeared before the Joint Oireachtas Finance Committee.
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The numbers affected by the tracker mortgage scandal have risen yet again to 38,400, the Central Bank governor Philip Lane will reveal today.
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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.
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Bank of Ireland is set to fork out more than €137m in compensation to those affected by the tracker mortgage scandal.
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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.
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A further 3,400 customers have been identified who had their tracker mortgages wrongly removed or were overcharged by their banks.
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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.
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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.
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Banks need to write off the debt from distressed mortgages, according to the Chair of the Oireachtas Finance Committee.
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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.
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Latest: Ulster Bank denies it broke the law over the tracker mortgage scandal.
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Some 14 customers have lost their homes because of Bank of Ireland’s role in the tracker mortgage scandal, its chief executive has revealed.
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Almost half of Bank of Ireland customers ripped-off by the lender over the tracker mortgage scandal have yet to be compensated or get redress
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AIB seems to have capped its part of the bill for the industry-wide mortgage tracker scandal. It is unlikely to add significantly to the €190m provision set aside two years ago.
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KBC Bank has announced that a provision of €54.5m has been set aside to deal with the tracker mortgage scandal.
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Latest: Opposition finance spokespeople have issued statements criticising the news that another 6,000 Bank of Ireland customers were wrongly denied a lower cost tracker mortgage.
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The Minister for Finance says he can envisage more of the banks involved in the tracker controversy receiving multi-million euro fines.
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Latest: The tracker mortgage scandal has brought heartbreak to countless Irish families and shattered people's trust in the country's banks, the Tánaiste has said.
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Approximately 12,000 people affected by the tracker mortgage scandal will be paid back by Christmas, Finance Minister Paschal Donohoe has said.
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Latest: The banks are releasing statements following their meetings with Minister for Finance Paschal Donohoe.
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Latest: : The Minister for Finance says he is not satisfied with what he has heard from the five banks he met over the last two days on the tracker mortgage scandal.
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LATEST: The CEO of Permanent TSB today stated his desire to see people wrongly taken off tracker mortgages compensated by Christmas.
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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.
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The Minister for Finance Paschal Donohoe will meet the executives of three banks across the course of today about the tracker mortgage scandal.
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