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Dublin: 15 °C Tuesday 17 September, 2019

#tracker mortgage scandal

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

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

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

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

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

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

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

Banks use time limit to challenge tracker mortgage complaints to Ombudsman

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

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

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

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.

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

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

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

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

Permanent TSB fined record €21 million over tracker mortgage scandal

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

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

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

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

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

PTSB boss says it has 500 vacant properties on its books

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Couple affected by tracker mortgage scandal suffered stroke and nervous breakdown

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

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

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

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

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

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

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

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

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

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.