The rising tracker mortgage scandal
They found another 13,600 customers affected by the tracker mortgage scandal.
The five main banks caught up in the scandal – KBC Bank Ireland, AIB, Bank of Ireland, Permanent TSB and Ulster Bank – have issued individual statements on impacted tracker accounts this afternoon.
Between them, these lenders have set aside almost €900m to cover redress, compensation, and additional costs related to the tracker investigation.
…Commenting on its investigation, Central Bank Governor Philip Lane said:
“Many lenders publicly state that they put customers first. The evidence of the examination that we have seen suggests otherwise.”