Tracker Mortgage Scandal
Tracker Mortgage Scandal
During the recent Oireachtas Finance Committee hearings, the extent of the tracker mortgage scandal was fully revealed.
The Governor of the Central Bank, Mr Philip Lane, disclosed that up to 20,000 customers have been affected and have suffered loss as a result of their bank overcharging them.
Furthermore, it has been revealed that the Central Bank has limited statutory powers to compel banks to provide redress or compensation to their customers.
As a result, it is not clear if or when the banks will provide voluntary redress or compensation to their customers, or if the redress and compensation will be sufficient.
If you have been affected by the tracker mortgage scandal and are seeking expert advice, please contact Gerard Rudden or Connor Quigley.
Tel: (01) 661 6102
email: enquiries@arqsolicitors.com
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