Sunday May 31, 2020

What we learned about tracker scandal

Central Bank tells Oireachtas committee 'dialogue opened' with Gardaí on probe

4th April, 2017
Central Bank updates committee on tracker probe. Pic: RollingNews.ie

Most of the questioning focused on the regulator’s industry-wide review of the tracker issue, which has so far uncovered 10,000 affected accounts.

So far, the banks have paid back over €78m to 2,600 homeowners who were wrongly moved off their tracker mortgages. The Central Bank Governor described the tracker probe as the largest, most complex supervisory review under its consumer protection mandate to date, covering more than two million accounts.

Lane told the committee...

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