Tag Archives: tracker mortgage scandal

Mark Paul, in The Irish Times, reports:

The Central Bank of Ireland has fined Permanent TSB €21 million for the “unacceptable harm” it caused certain tracker mortgage customers, including some who lost their homes, when it wrongly denied them their discounted rate.

The fine, which was originally set at €30 million but discounted by 30 per cent due to PTSB’s agreement to the terms of a settlement scheme, is the largest ever issued by the State’s banking regulator.

PTSB fined €21 million over ‘unacceptable harm’ caused by tracker mortgage scandal (Mark Paul, The Irish Times)

The Central Bank of Ireland has announced that another 3,400 customers have been affected by the tracker mortgage issue, bringing the total to 37,100 by the end of March.

This means the banks have paid out €459million to people affected – up €162m from December.

Watch the Central Bank’s Director General, Financial Conduct Derville Rowland deliver the news – to music – in video above.

Numbers affected by tracker mortgage issue rise by 3,400 (RTE)

Pic/video: Central Bank of Ireland