Friday December 6, 2019

Two more lenders launch review into possible overcharging

Bank of Ireland and KBC now investigating whether any customers have been issued incorrect charges

1st December, 2019
Building society EBS is investigating a new overcharging scandal.

Two of the country's largest lenders have launched a review into a new overcharging scandal which is threatening to engulf the banking sector.

Building society EBS, which is owned by AIB, last month confirmed that it was investigating an issue whereby it incorrectly charged some customers interest on mortgage insurance payments they had missed after defaulting on their home loans.

It is thought about 500 customers have been affected.

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