Eyes wide open on overcharging

There seems to be no end to the overcharging scandals. The Irish Financial Services Regulatory Authority (IFSRA), found last July that AIB had overcharged foreign exchange customers to the tune of €34.2 million.

23rd April, 2005

There seems to be no end to the overcharging scandals.

The Irish Financial Services Regulatory Authority (IFSRA), found last July that AIB had overcharged foreign exchange customers to the tune of €34.2 million.

Earlier this month, Bank of Ireland admitted to mistakenly overcharging 65,000 customers up to €15 million in payment protection insurance - cover that repays customers' loans if they cannot meet repayments due to permanent disability, redundancy or death.

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