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#tracker mortgage scandal

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures
# The Banks
From TheJournal.ie
# The Banks

KBC Bank pushed into €41 million loss for 2020 despite positive third quarter figures

Nov 12th 2020, 11:25 AM 11,895 Views 12 Comments

However, the Belgian-owned bank saw a ‘record number’ of mortgage applications in the third quarter.

Bank pays €22k to man after overcharging on mortgage for almost nine years
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

Bank pays €22k to man after overcharging on mortgage for almost nine years

Aug 7th 2020, 11:23 AM 52,488 Views 46 Comments

Some 1,200 tracker mortgage complaints are still awaiting a decision from the financial services and pensions ombudsman.

AIB setting aside €300 million redress for 'previously identified' tracker mortgage victims
# Banks
From TheJournal.ie
# Banks

AIB setting aside €300 million redress for 'previously identified' tracker mortgage victims

Updated Feb 4th 2020, 8:42 AM 22,242 Views 34 Comments

The Central Bank said last year that lenders had already paid €683 million in redress to impacted customers.

KBC boss apologises to the Irish public after he called the tracker mortgage scandal 'annoying'
# Sorry
From TheJournal.ie
# Sorry

KBC boss apologises to the Irish public after he called the tracker mortgage scandal 'annoying'

Nov 15th 2019, 5:44 PM 19,578 Views 46 Comments

“I would like to personally apologise to the Irish people.”

Calls for head of KBC group to apologise after comments about 'annoying' tracker mortgage scandal
# Johan Thijs
From TheJournal.ie
# Johan Thijs

Calls for head of KBC group to apologise after comments about 'annoying' tracker mortgage scandal

Updated Nov 15th 2019, 11:14 AM 26,200 Views 88 Comments

More than 40,000 people were affected by the scandal.

KBC Bank admits it used time limit clause in 27 tracker complaints to Ombudsman
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

KBC Bank admits it used time limit clause in 27 tracker complaints to Ombudsman

Sep 14th 2019, 6:00 AM 11,236 Views 8 Comments

A number of banks, including KBC, reversed their decision to challenge the investigation of these complaints after a public rebuke by the ombudsman.

Lenders expected to row back after rebuke from ombudsman over tracker mortgage complaints
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

Lenders expected to row back after rebuke from ombudsman over tracker mortgage complaints

Aug 25th 2019, 12:05 AM 20,522 Views 29 Comments

Ger Deering this week revealed 500 complaints could be impacted by banks’ use of time limit clauses.

Banks use time limit to challenge tracker mortgage complaints to Ombudsman
# Tracker Scandal
From TheJournal.ie
# Tracker Scandal

Banks use time limit to challenge tracker mortgage complaints to Ombudsman

Aug 19th 2019, 10:27 AM 17,377 Views 31 Comments

Ombudsman Ger Deering said up to 500 customers could be affected by these challenges.

More banks to face fines over tracker mortgage scandal as officials coy about revealing cost details
# Bankers
From TheJournal.ie
# Bankers

More banks to face fines over tracker mortgage scandal as officials coy about revealing cost details

Jun 2nd 2019, 11:00 AM 14,044 Views 40 Comments

Ulster Bank recently told an Oireachtas Finance committee that it will not be disclosing the amount of money it has set aside to deal with the fine.

Central Bank urged to ensure banks don't pass on tracker scandal fines to customers
# Regulation
From TheJournal.ie
# Regulation

Central Bank urged to ensure banks don't pass on tracker scandal fines to customers

Jun 1st 2019, 9:30 AM 16,830 Views 99 Comments

This week Permanent TSB was fined €21 million for regulatory breaches.

Permanent TSB fined record €21 million over tracker mortgage scandal
# Might Fine
From TheJournal.ie
# Might Fine

Permanent TSB fined record €21 million over tracker mortgage scandal

May 30th 2019, 2:07 PM 37,226 Views 60 Comments

PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.

'It won't happen overnight': Launch of new body to improve culture in Irish banks
# Irish Banking Culture Board
From TheJournal.ie
# Irish Banking Culture Board

'It won't happen overnight': Launch of new body to improve culture in Irish banks

Apr 15th 2019, 10:06 AM 17,575 Views 47 Comments

The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.

PTSB boss says it has 500 vacant properties on its books
# Housing Crisis
From TheJournal.ie
# Housing Crisis

PTSB boss says it has 500 vacant properties on its books

Apr 9th 2019, 7:33 PM 23,918 Views 14 Comments

Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.

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

Financial services watchdog received over 900 complaints about tracker mortgages

Jul 19th 2018, 12:05 AM 16,227 Views 17 Comments

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

'I am really struggling': Thousands still left in tracker mortgage scandal limbo
# Overcharging
From TheJournal.ie
# Overcharging

'I am really struggling': Thousands still left in tracker mortgage scandal limbo

May 13th 2018, 12:05 AM 35,917 Views 50 Comments

Financial adviser Padraic Kissane believes an extra 3,000 people may be affected, but some may have to go to the courts to get their money back.

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

3,400 new victims of tracker mortgage scandal identified

Apr 25th 2018, 12:01 PM 13,703 Views 52 Comments

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

Tracker mortgage scandal: Overcharging total expected to reach €700 million
# Lending
From TheJournal.ie
# Lending

Tracker mortgage scandal: Overcharging total expected to reach €700 million

Mar 8th 2018, 2:34 PM 10,662 Views 78 Comments

Padraig Kissane said he believes a further 5,000 cases not yet included in the investigation are impacted.

Galway couple overcharged €1.23 million by KBC Bank on their mortgage
# Compensation
From TheJournal.ie
# Compensation

Galway couple overcharged €1.23 million by KBC Bank on their mortgage

Feb 26th 2018, 10:41 AM 48,960 Views 58 Comments

The couple were overcharged on mortgages for a number of investment properties.

Tracker mortgage scandal could end up costing "in excess of €1 billion"
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

Tracker mortgage scandal could end up costing "in excess of €1 billion"

Dec 21st 2017, 11:08 AM 9,598 Views 43 Comments

13,600 more trackers victims have been added to the growing number – it now stands at 33,7000.

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

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

Dec 20th 2017, 3:58 PM 22,471 Views 27 Comments

Some of the banks have increased their numbers significantly.

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

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

Dec 20th 2017, 2:00 PM 44,271 Views 109 Comments

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.

BOI hiking up some tracker mortgage rates by 1% 'should not have occurred'
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

BOI hiking up some tracker mortgage rates by 1% 'should not have occurred'

Nov 30th 2017, 8:41 PM 18,230 Views 26 Comments

Minister Paschal Donohoe said he would be raising the issue with the Central Bank.

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

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

Nov 14th 2017, 12:30 PM 8,167 Views 54 Comments

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

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

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

Nov 9th 2017, 3:00 PM 12,860 Views 49 Comments

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

Minister's warning: 'Tenure of individual bank directors' in firing line unless there's progress on trackers
# Bank Bosses
From TheJournal.ie
# Bank Bosses

Minister's warning: 'Tenure of individual bank directors' in firing line unless there's progress on trackers

Nov 3rd 2017, 12:05 AM 11,014 Views 78 Comments

Paschal Donohoe says he’s prepared to use his influence as a shareholder if he’s not satisfied with how banks perform.

Do banks ever get punished? Central Bank says Ireland does not have a zero tolerance approach
# BANKING CRISIS PART II
From TheJournal.ie
# BANKING CRISIS PART II

Do banks ever get punished? Central Bank says Ireland does not have a zero tolerance approach

Oct 29th 2017, 9:30 PM 27,536 Views 77 Comments

‘If you don’t want the banks to bother looking at the law, why do we have the law?’

'Do your job': Finance Committee wants ECB chief to explain role in tracker mortgage scandal
# Oversight
From TheJournal.ie
# Oversight

'Do your job': Finance Committee wants ECB chief to explain role in tracker mortgage scandal

Oct 28th 2017, 10:39 AM 13,536 Views 52 Comments

The committee’s chair said it is important to keep the pressure on the banks now.

'We apologise unreservedly' 'We sincerely apologise': Five banks say sorry for tracker mortgage mess
# The Banks
From TheJournal.ie
# The Banks

'We apologise unreservedly' 'We sincerely apologise': Five banks say sorry for tracker mortgage mess

Oct 25th 2017, 5:04 PM 18,291 Views 101 Comments

Minister Donohoe was addressing the media in a week where he met all the main banks’ CEOs.

Tracker scandal: Repayments by Christmas as Donohoe bemoans 'cultural issue' with banks
# Compensation
From TheJournal.ie
# Compensation

Tracker scandal: Repayments by Christmas as Donohoe bemoans 'cultural issue' with banks

Oct 23rd 2017, 10:06 PM 21,422 Views 97 Comments

The CEOs of Bank of Ireland, Permanent TSB and KBC held talks with the Minister for Finance today.

Paschal Donohoe: Tracker mortgage scandal 'shines a light into the culture of Irish banking'
# Not Happy
From TheJournal.ie
# Not Happy

Paschal Donohoe: Tracker mortgage scandal 'shines a light into the culture of Irish banking'

Oct 20th 2017, 4:54 PM 9,999 Views 64 Comments

The minister has called in all the banks next week to tell them their actions are unacceptable.

'A dog who won't bark, never mind bite': Central Bank in the firing line over tracker scandal
# Regulation
From TheJournal.ie
# Regulation

'A dog who won't bark, never mind bite': Central Bank in the firing line over tracker scandal

Oct 19th 2017, 5:57 PM 15,319 Views 81 Comments

More than 20,000 people were impacted by the scandal and numbers are likely to rise.

Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'
# Out Of Patience
From TheJournal.ie
# Out Of Patience

Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'

Oct 18th 2017, 9:38 PM 16,985 Views 87 Comments

Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.

'The banks took their money, turned their lives upside down, and shattered their dreams'
# Micheal McGrath
From TheJournal.ie
# Micheal McGrath

'The banks took their money, turned their lives upside down, and shattered their dreams'

Oct 14th 2017, 12:26 PM 9,896 Views 43 Comments

Fianna Fáil’s Michael McGrath said the Central Bank will be grilled on the tracker mortgage scandal next week.

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown
# Justice
From TheJournal.ie
# Justice

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown

Oct 12th 2017, 3:37 PM 28,019 Views 62 Comments

A number of customers affected by the error shared stories today of the hardship it caused.

McGrath: 'How did the banks happen to make the same mistake that hurt their customers?'
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

McGrath: 'How did the banks happen to make the same mistake that hurt their customers?'

Oct 6th 2017, 1:44 PM 13,567 Views 36 Comments

Thousands of customers have been charged higher interest rates than they should have been.

Victim of tracker mortgage scandal: 'If I was six months in arrears they'd be ringing me every day'
# Compensation
From TheJournal.ie
# Compensation

Victim of tracker mortgage scandal: 'If I was six months in arrears they'd be ringing me every day'

Jun 25th 2017, 9:00 PM 55,343 Views 43 Comments

The Bank of Ireland customer was first told she was affected in December last year – but has received no additional information since then.

Here's how to check if your bank overcharged you on your mortgage - and what to do next
# Tracker Mortgage Scandal
From TheJournal.ie
# Tracker Mortgage Scandal

Here's how to check if your bank overcharged you on your mortgage - and what to do next

Apr 8th 2017, 10:00 PM 80,613 Views 22 Comments

Up to 15,000 people are affected by the tracker mortgage scandal – but even people who were never on a tracker may have been overcharged.