Central Bank to be quizzed over tracker mortgage scandal

The Central Bank is to be quizzed about why it has failed to discipline a single banker for the illegal withdrawal of over 17,000 tracker mortgages.

So far, the banks have paid back over €78 million to homeowners who were wrongly moved off their tracker mortgages.

Tracker mortgages are linked to the European Central Bank rate with interest rates as low as 1 per cent, compared to a typical standard variable rate of ...