Banks to face ‘aggressive’ action over tracker mortgage scandal

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

It is estimated by the Central Bank that more than 20,000 people have been affected by the scandal, whereby a person was not allowed to return to their tracker mortgage after a period of paying a fixed rate.

Approximately 23 people had their homes repossessed as a direct result.