Tracker mortgage scandal ends as banks pay almost €700m in compensation

Tracker mortgage scandal ends as banks pay almost €700m in compensation

In its final report on the tracker scandal the Central Bank has said that, as of the end of May, the overall number of customers who were affected hit 40,100

The total amount of compensation paid to bank customers who had their tracker mortgages wrongly removed has hit almost €700 million, bringing the overall bill for the worst overcharging scandal in Irish history to more than €1 billion when lenders' own costs are included.

In its final report on the tracker scandal, the Central Bank has said that as of the end of May the overall number of customers who were affected hit 40,100 and the total...

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