Philip Lane: No cap on compo for mortgage customers

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

Philip Lane: No cap on compo for mortgage customers

Philip Lane has said there is no upper limit to the amount of compensation banks will have to pay customers they wrongly removed from tracker mortgage rates.

Mr Lane was speaking to the media after he met with Finance Minister Paschal Donohoe yesterday.

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