Mortgages Scandal - 15,000 wrongly moved off trackers

The Central Bank governor has said up to 15,000 mortgage owners were wrongly moved off tracker loans as he was told some were pushed into poor health or suicide and some had lost homes.

Governor Philip Lane faced a barrage of criticism as the bank’s supervisory powers were called into question by TDs and senators seeking answers for ripped-off customers.

The Irish Examiner has also established that banks may have to pay out over €500m in compensation and fines after wrongly overcharging customers.