Central Bank ‘pushed to limits’ trying to force banks to compensate people ripped off from tracker mortgage scandal

The head of the Central Bank says it has been pushed to the “limits” of its powers in trying to force banks to compensate and address people ripped off from the tracker mortgage scandal. 

Governor Philip Lane will say the bank expects more cases to emerge, more homes to be lost, and that two lenders have failed to identify customers impacted by changed rates.

He is set to address the Oireachtas finance committee and update members on the mortgage scandal; last week borrowers who were wrongly charged revealed their pain in battling banks.