During Leaders’ Questions.
Further to the publication yesterday by the Central Bank of its latest Update on Examination of Tracker Mortgages…
Taoiseach Leo Varadkar (above) spoke about the tracker mortgage scandal.
“The Central Bank yesterday published its latest update on its industry-wide examination of tracker mortgages which was commenced in 2015. Approximately 13,000 impacted accounts have been identified by lenders as of the end of September, that’s an increase of 3,100 since the March report.
“The Central Bank is currently pursuing enforcement investigations in relation to tracker mortgage-related issues arising in Permanent TSB and Ulster Bank Ireland and two further enforcement investigations into other lenders are now in train and it’s anticipated that more enforcement investigations will follow.
“The Central Bank is not making the names of the two lenders known while the process is ongoing. And as a result of the Central Bank’s challenges, the two lenders are reconsidering certain outcomes of their reviews and our due to revert to the Central Bank by the end of October.
“If the Central Bank is not satisfied with the response from those two lenders, by the end of October, I think at that point, the Central Bank will name those two lenders.”
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