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Dublin: 11 °C Wednesday 20 February, 2019

#Banks

From TheJournal.ie Banks pay out €647 million to victims of tracker mortgage scandal Tracker Mortgage

Banks pay out €647 million to victims of tracker mortgage scandal

The number of people affected by the overcharging scandal has now risen to almost 40,000.

From TheJournal.ie Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil Great Irish Sell Off

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil

The Bill puts into law what already exists at the moment as a voluntary Central Bank code

From TheJournal.ie 'History will judge this': Experts see little change in bank culture after scandals and protests Dragging Their Heels

'History will judge this': Experts see little change in bank culture after scandals and protests

People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.

From TheJournal.ie 'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin Fair Mortgage Bill

'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin

Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.

From TheJournal.ie Credit unions are to be given more freedom to compete with moneylenders, so what would this mean? Explainer

Credit unions are to be given more freedom to compete with moneylenders, so what would this mean?

It could mean they can offer small loans to people who otherwise mightn’t get credit.

From TheJournal.ie New rules making it easier to switch your mortgage kick in from today Save Money

New rules making it easier to switch your mortgage kick in from today

Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.

From TheJournal.ie Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages Sell Off

Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages

Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.

From TheJournal.ie SF proposes new law to prevent mortgages being sold to a vulture fund without the borrower's consent Great Sell Off

SF proposes new law to prevent mortgages being sold to a vulture fund without the borrower's consent

Doherty said his proposed Bill will ensure the code is put into primary legislation.

From TheJournal.ie No vulture fund or bank has ever been sanctioned for breaching the code of conduct Great Irish Sell Off

No vulture fund or bank has ever been sanctioned for breaching the code of conduct

The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.

From TheJournal.ie Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review Mortgage Arrears

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review

Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.

From TheJournal.ie Number affected by tracker mortgage scandal rises - it's now over 38,000 Customer Treatment

Number affected by tracker mortgage scandal rises - it's now over 38,000

The Central Bank governor says a review of the scandal raises serious concerns about current Irish banking culture.

From TheJournal.ie Over 4,000 mortgages approved last month, with lots of people switching Property Ladder

Over 4,000 mortgages approved last month, with lots of people switching

The almost 45,000 mortgages approved in the last 12 months are valued at €9.9 billion.

From TheJournal.ie Bank of Ireland reverses decision to stop all-day cash services in over 100 branches Cash Is King

Bank of Ireland reverses decision to stop all-day cash services in over 100 branches

Earlier this year, the bank announced that around 100 branches across the country would have cash services for half days only.

From TheJournal.ie 'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales Where's Paschal?

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales

Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.

From TheJournal.ie Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest' Interview

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

From TheJournal.ie Irish banks are fond of customer-first slogans - but the Central Bank says they're not living up to them Culture

Irish banks are fond of customer-first slogans - but the Central Bank says they're not living up to them

The review found there is still a crisis-era mindset in several executive committees.

From TheJournal.ie Financial services watchdog received over 900 complaints about tracker mortgages Tracker Scandal

Financial services watchdog received over 900 complaints about tracker mortgages

All of the complaints are on hold until the Central Bank finishes its review.

From TheJournal.ie Visa apologises for card issues, says services are 'operating at close to normal levels' Atm Queues

Visa apologises for card issues, says services are 'operating at close to normal levels'

Large queues had formed at ATMs earlier.

From TheJournal.ie 'This is a human crisis': David Hall believes 17,000 families will have homes repossessed Mortgage Arrears

'This is a human crisis': David Hall believes 17,000 families will have homes repossessed

Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.

From TheJournal.ie Paschal Donohoe: 'Our stance on bankers' pay has remained unchanged. This is the right thing to do' Opinion

Paschal Donohoe: 'Our stance on bankers' pay has remained unchanged. This is the right thing to do'

I have initiated a review of bank remuneration policy, writes Paschal Donohoe.

From TheJournal.ie 'Bonuses are not common practice': Public banking model in Ireland would treat bankers as civil servants Rewards

'Bonuses are not common practice': Public banking model in Ireland would treat bankers as civil servants

Sparkassen make up the largest banking group – and therefore market leader – in Germany.

From TheJournal.ie 3,400 new victims of tracker mortgage scandal identified Tracker Mortgage Scandal

3,400 new victims of tracker mortgage scandal identified

37,100 customers affected by the scandal have now been identified, with €459 million in redress paid to date.

From TheJournal.ie Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds Vultures

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds

Executives blamed the European regulator for the classification of these loans as non-performing.

From TheJournal.ie Here are the stores, banks and post offices closing due to the bad weather Status Red

Here are the stores, banks and post offices closing due to the bad weather

The entire nation has been advised to remain indoors from 4pm today.

From TheJournal.ie PTSB chief refuses to appear before Finance Committee next week over loan sale Vulture Funds

PTSB chief refuses to appear before Finance Committee next week over loan sale

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

From TheJournal.ie Dealing with a vulture fund - how these families have coped Vultures

Dealing with a vulture fund - how these families have coped

With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.

From TheJournal.ie Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed Compensation

Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed

Sinn Féin’s Pearse Doherty said there was an “onus” on the banks to get in contact with these customers.

From TheJournal.ie 'Take a look in the mirror': Why didn't the Central Bank act earlier on the tracker mortgage scandal? Tracker Scandal

'Take a look in the mirror': Why didn't the Central Bank act earlier on the tracker mortgage scandal?

The Central Bank’s governor Philip Lane confirmed 13,000 impacted customers are still waiting to get their money back.

From TheJournal.ie Minister 'confident' school building projects not in jeopardy after construction firm collapse Gone Bust

Minister 'confident' school building projects not in jeopardy after construction firm collapse

The Department of Education said school buildings in question are approximately 90% complete.

From TheJournal.ie Banks are getting a bit better at dispensing €10 notes from ATMs Small Notes

Banks are getting a bit better at dispensing €10 notes from ATMs

The Central Bank has set targets for the banks to give customers the option to take out smaller amounts of cash.

From TheJournal.ie Poll: Should the public banking model be introduced in Ireland? Your Say This post contains a poll

Poll: Should the public banking model be introduced in Ireland?

Sparkasse is the largest banking sector in Germany.

From TheJournal.ie Here's how many customers each of the main banks say they overcharged Tracker Mortgage Scandal

Here's how many customers each of the main banks say they overcharged

Some of the banks have increased their numbers significantly.

From TheJournal.ie It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged Scandal

It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged

We now know at least 33,700 customers were overcharged and the Central Bank said it had to “relentlessly pursue” lenders in many of these cases.

From TheJournal.ie High Court Master says government's legal advice scheme is 'a scam' Abhaile

High Court Master says government's legal advice scheme is 'a scam'

Edmund Honohan criticised the government for failing to deliver systems it had promised to help keep people in their homes.

From TheJournal.ie 'I'm not going anywhere': Lay litigants in uphill battle against banks and vulture funds Debt

'I'm not going anywhere': Lay litigants in uphill battle against banks and vulture funds

There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.

From TheJournal.ie Central Bank wants bank execs to 'take a long hard look in the mirror' over tracker scandal Overcharging

Central Bank wants bank execs to 'take a long hard look in the mirror' over tracker scandal

Deputy Governor Ed Sibley said he expects board members to be held to account over the errors.

From TheJournal.ie Bank of Ireland confirms additional 6,000 customers overcharged in tracker scandal Tracker Mortgage

Bank of Ireland confirms additional 6,000 customers overcharged in tracker scandal

This brings the total number of impacted Bank of Ireland customers to 10,300.

From TheJournal.ie Sorry is too little, too late for tracker customers who suffered for years because of bank overcharging Analysis

Sorry is too little, too late for tracker customers who suffered for years because of bank overcharging

Now that the banks have set deadlines for paying customers back, there is a risk that this issue will be put to one side.

From TheJournal.ie 'They're refusing to engage': Banks reject almost half of personal insolvency proposals Mortgage Distress

'They're refusing to engage': Banks reject almost half of personal insolvency proposals

The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.

From TheJournal.ie From 'I don't know what a tracker mortgage is' to the biggest financial scandal of our time Tracker Scandal

From 'I don't know what a tracker mortgage is' to the biggest financial scandal of our time

The heads of three banks are due to meet with the Finance Minister to discuss the issue today.

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