Lenders will be required to provide the Central Bank with a detailed explanation of the “detriment suffered by customers”, as part of an ongoing probe into tracker mortgages.
Tracker mortgages have been in the spotlight since last summer, after an overcharging scandal at Permanent TSB raised concerns about broader problems in the market.
Just before Christmas, the Central Bank announced that it had written to lenders “requiring them to put in place a...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team