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Dublin: 15 °C Tuesday 23 July, 2019

#Tracker Mortgage

From TheJournal.ie Banks offer average of €194,000 to people who lost homes due to tracker mortgage scandal Tracker Mortgage

Banks offer average of €194,000 to people who lost homes due to tracker mortgage scandal

There were 99 homes lost as a result of lenders’ failings as well as 216 buy-to-let properties.

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 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 Couple received €40,000 after insurer tried to reject storm damage claim Financial Services Ombudsman

Couple received €40,000 after insurer tried to reject storm damage claim

There were 5,692 complaints made to the financial services ombudsman last year – one third of those about insurance.

From TheJournal.ie Central Bank says 35-45 year olds who bought homes in the boom will be most impacted if tracker rates rise Outlook

Central Bank says 35-45 year olds who bought homes in the boom will be most impacted if tracker rates rise

Despite Brexit, the Central Bank believes workers are in line for pay increases of up to 7% over the next two years.

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 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 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 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 Tracker mortgage scandal: AIB did not consider 'the potential fallout' Compensation

Tracker mortgage scandal: AIB did not consider 'the potential fallout'

About 10,000 account holders were impacted by the scandal.

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 willing to bring in new laws to punish reckless behaviour of senior bankers Tracker Scandal

Minister willing to bring in new laws to punish reckless behaviour of senior bankers

Paschal Donohoe was speaking to the Finance Committee today about the tracker mortgage scandal.

From TheJournal.ie Here's how banks plan to 'rebuild trust' after the tracker mortgage scandal Banking Standards Board

Here's how banks plan to 'rebuild trust' after the tracker mortgage scandal

The initiative has been welcomed by Minister Paschal Donohoe today.

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 Couple battling to keep home discovered they're victims of tracker mortgage scandal 'by accident' Ennis

Couple battling to keep home discovered they're victims of tracker mortgage scandal 'by accident'

The family were forced to go to the St Vincent de Paul to put food on the table for their children after paying €1,080 a month in mortgage repayments.

From TheJournal.ie 'There's no evidence of a banking cartel in Ireland', says watchdog Tracker Mortgage

'There's no evidence of a banking cartel in Ireland', says watchdog

But the CCPC hasn’t ruled out the possibility banks colluded over the tracker mortgage scandal.

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 Margaretta D'Arcy tried to perform a 'citizen's arrest' of AIB bosses over the tracker scandal Shareholder Meeting

Margaretta D'Arcy tried to perform a 'citizen's arrest' of AIB bosses over the tracker scandal

D’Arcy – who has a history of taking part in high-profile campaigns and activism – took to the stage at the EGM today.

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 Poll: Are the banks doing enough to tackle the tracker mortgage scandal? Your Say This post contains a poll

Poll: Are the banks doing enough to tackle the tracker mortgage scandal?

The Central Bank has said the “vast majority” of those affected will be repayed by Christmas.

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 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.

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 23 people lost their homes because of the tracker mortgage scandal Overcharging

23 people lost their homes because of the tracker mortgage scandal

Financial institutions have paid out €163 million to affected customers to date.

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 More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate Expert Opinion

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate

Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.

From TheJournal.ie Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal Crackdown

Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal

Many customers will have to wait until well into 2018 to get their money back and receive compensation.

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 'They've gone without food, without heat in their home': Ulster Bank execs grilled over tracker scandal Overcharging

'They've gone without food, without heat in their home': Ulster Bank execs grilled over tracker scandal

The bank’s CEO revealed almost 3,500 customers were overcharged.

From TheJournal.ie Over 100 PTSB customers still on the wrong tracker mortgage rate despite bank identifying error Bankers

Over 100 PTSB customers still on the wrong tracker mortgage rate despite bank identifying error

Thousands of customers were denied tracker rates and charged a higher rate of interest.

From TheJournal.ie 'Someone knew what they were doing': Financial watchdog says tracker mortgage scandal is unacceptable Tracker Mortgage

'Someone knew what they were doing': Financial watchdog says tracker mortgage scandal is unacceptable

Ombudsman Ger Deering said his office has seen firsthand the level of hardship people have experienced as they struggle to pay back their debt.

From TheJournal.ie 'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks Overcharging

'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks

Thousands of customers were denied tracker rates and charged a higher rate of interest than they should have been paying.

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 Banks in Ireland decline to give progress updates on their tracker scandal reviews Keeping Track

Banks in Ireland decline to give progress updates on their tracker scandal reviews

Lenders in Ireland have until September to identify all customers who were affected by interest rate overcharging – we asked how they’re getting on.

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