Banks still too slow to admit tracker failings

Banks still too slow to admit tracker failings
Central Bank to issue new tracker update in March

The latest update on the tracker scandal shows that the numbers affected almost doubled in the space of a few months, long after the investigation began

A decade ago, in a television advertisement for the Financial Regulator, a middle-aged man stood up on a Dublin bus and admitted somewhat sheepishly: “I don’t know what a tracker mortgage is”.

He's not the only one. Banks have been a bit hazy on the detail of the t's and c's of trackers too - and in thousands of cases, those t's and c's have simply been ignored.

Soon after that well-known ad appeared...

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