Banks ‘fighting’ not to pay redress for tracker mortgage scandal

Banks who overcharged customers are still fighting “tooth and nail” to avoid paying compensation for the tracker mortgage scandal, the Dáil has heard.

The Central Bank has now indicated that 33,700 customers were affected by the €1bn tracker mortgage controversy (they were kept on more expensive loans).

Speaking in the Dáil, Sinn Féin finance spokesman, Pearse Doherty, said he would bring forward legislation, next week, which would make it a crime for bankers to lie to the Central Bank, which he claimed they had.