In fairness.

Eight years ago:

Financial Services Ombudsman Joe Meade has demanded all mortgage lenders be probed to ensure they are honouring agreements allowing people to retain their tracker mortgages.

Mr Meade has demanded the Financial Regulator carry out the probe after he found against a lender that would not allow a couple coming off a fixed-rate mortgage to move back on to a tracker as agreed.

The ombudsman’s findings are expected to have implications for all lenders, many of whom are welshing on such agreements.

Homeowners who are forced to renegotiate their mortgages are also finding they have to give up their trackers.

If the Financial Regulator forces banks to honour previous commitments to allow people to revert to trackers, it will prove costly for lenders.

…No spokesperson was available from the Financial Regulator yesterday as its staff were on strike.

Irish Independent, November 28, 2009

Good times.

Watchdog urged to investigate banks in tracker row (Charlie Weston, Irish Independent, November 28, 2009)

Earlier: Admonishment

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8 thoughts on “Calling It

  1. man

    Theory: Historically, Ireland has never been wealthy or had much power. It’s long been held by oppressors. In the last century power was retaken and control put into the hands of the Irish. . . and by god are we bad with it. Corruption and greed became the norm almost instantly. Bring back the Brits I say. We have no ability to mind ourselves at all.

  2. Gimme Shelter

    Charlie works for the Indo which is owned by DOB, I thought he was so bad, man this is confusing

  3. Catherinecostelloe

    Charlie, you get an F from me , a severe lack of follow up reporting for past 8 years and your report was in back pages ( used to start the fire) in any event. Why didn’t you get the editor to put a few lines of advise/ warning on front pages? Naff off.

    1. realPolithicks

      +2017…Exactly what I was thinking, 2009 was 8 years ago what has he done about it since then?

  4. Nigel

    Fair play for reporting on it but I’m not sure declaring the story a ‘bandwagon’ to score points indicates a proper sense of priorities.

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