Central Bank to probe tracker mortgages
Move follows Permanent TSB failure in managing over 1,000 accounts
The Central Bank of Ireland is to investigate all lenders who have offered tracker mortgages in Ireland.
The review will focus on whether customers’ rights have being fully honoured and to ensure that the institutions have complied with regulatory requirements on disclosure and transparency.
It comes after it was found there was a "serious failure" by Permanent TSB (PTSB) in how it managed interest rates on 1,372 mortgage accounts.
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