Wednesday January 22, 2020

Central Bank concerns over some banks' tracker figures

Regulator believes two lenders may have failed to identify certain groups of affected customers

17th October, 2017
Central Bank ups estimate of numbers affected in tracker probe. Picture: Maura Hickey

The Central Bank has increased its estimate of how many mortgage customers have been affected in its industry-wide investigation into how the banks treated customers who were entitled to tracker mortgages.

Tracker mortgages were linked to the European Central Bank’s key interest rate and were usually much lower than other rates offered by the banks.

In an update published this morning, the regulator also signalled that the number of people affected could rise...

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