Tracker banks ‘playing Paschal Donohoe for a fool’

Finance Minister Paschal Donohoe has been accused of “being played for a fool” after his solution to the mortgage tracker rip-off scandal has been declared a “charade”.

He was severely criticised as it was confirmed it will be another nine months before thousands of borrowers get repaid and compensated and before he is willing to consider sanctioning the banks.

Mr Donohoe criticised the “disgraceful” behaviour of the banks and “hurt” caused to borrowers — but decided against any immediate sanctions against lenders.