The Central Bank of Ireland has fined a Permanent TSB subsidiary €4.5m for "serious failings" in overcharging tracker mortgage customers.
Springboard Mortgages - a former PTSB subprime unit - has been hit with the penalty following an enforcement investigation which found significant breaches of the Consumer Protection Codes 2006 and 2012.
The breaches have been admitted by the firm.
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
Unlimited Access for 2 Years
Get a Business Account for you and your team