Central Bank boss accused of failing to act to stop tracker-mortgage failings

The head of the Central Bank has been accused of being bullied by banks and of failing to act and stop lenders wrongly forcing customers onto more costly mortgage agreements, writes Juno McEnroe, Political Correspondent.

Philip Lane (pictured) also came under sustained attack from TDs and senators at the Oireachtas Finance Committee this morning, for failing to answer questions about banks “systemically” changing mortgage deals.