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Poll: Are the banks doing enough to tackle the tracker mortgage scandal?

The Central Bank has said the “vast majority” of those affected will be repayed by Christmas.

Image: Andrey_Popov via Shutterstock

THE GOVERNOR OF the Central Bank earlier this week said that the “vast majority” of customers affected by the tracker mortgage scandal will be repaid by Christmas.

In recent months, it has emerged that thousands of customers were overcharged by banks on their interest rates, which resulted in some losing their homes.

Governor Philip Lane said the Central Bank was working to ensure all those affected are compensated as quickly as possible.

He said: “The current situation is 13,000 cases. Already €160m has been paid out. We think the vast majority of cases will be paid out before Christmas.

“The current focus of our work is to make sure beyond those 13,000, those are in progress, is to make sure more are included… that all of those affected will receive redress and compensation from the banks.”

However, a spokesperson for Finance Minister Paschal Donohoe said that “the banks have been dragging their feet in solving the problem, at real human cost”.

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So, we want to know: Are the banks doing enough to tackle the tracker mortgage scandal?


Poll Results:

No (7467)
Yes (500)
I don't know (254)



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