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Monday 28 September 2020
Some 1,200 tracker mortgage complaints are still awaiting a decision from the financial services and pensions ombudsman.
The Central Bank said last year that lenders had already paid €683 million in redress to impacted customers.
“I would like to personally apologise to the Irish people.”
A number of banks, including KBC, reversed their decision to challenge the investigation of these complaints after a public rebuke by the ombudsman.
Ger Deering this week revealed 500 complaints could be impacted by banks’ use of time limit clauses.
Ombudsman Ger Deering said up to 500 customers could be affected by these challenges.
Strict new Covid-19 measures have been announced for the two counties – here’s what you need to know.
Ulster Bank recently told an Oireachtas Finance committee that it will not be disclosing the amount of money it has set aside to deal with the fine.
This week Permanent TSB was fined €21 million for regulatory breaches.
PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.
The board is funded by the five pillar banks and chaired by a retired Court of Appeal judge.
Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.
All of the complaints are on hold until the Central Bank finishes its review.
Financial adviser Padraic Kissane believes an extra 3,000 people may be affected, but some may have to go to the courts to get their money back.
37,100 customers affected by the scandal have now been identified, with €459 million in redress paid to date.
Padraig Kissane said he believes a further 5,000 cases not yet included in the investigation are impacted.
The couple were overcharged on mortgages for a number of investment properties.
13,600 more trackers victims have been added to the growing number – it now stands at 33,7000.
Some of the banks have increased their numbers significantly.
We now know at least 33,700 customers were overcharged and the Central Bank said it had to “relentlessly pursue” lenders in many of these cases.
Minister Paschal Donohoe said he would be raising the issue with the Central Bank.
Deputy Governor Ed Sibley said he expects board members to be held to account over the errors.
This brings the total number of impacted Bank of Ireland customers to 10,300.
Paschal Donohoe says he’s prepared to use his influence as a shareholder if he’s not satisfied with how banks perform.
‘If you don’t want the banks to bother looking at the law, why do we have the law?’
The committee’s chair said it is important to keep the pressure on the banks now.
Minister Donohoe was addressing the media in a week where he met all the main banks’ CEOs.
The CEOs of Bank of Ireland, Permanent TSB and KBC held talks with the Minister for Finance today.
The minister has called in all the banks next week to tell them their actions are unacceptable.
More than 20,000 people were impacted by the scandal and numbers are likely to rise.
Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.
Fianna Fáil’s Michael McGrath said the Central Bank will be grilled on the tracker mortgage scandal next week.
A number of customers affected by the error shared stories today of the hardship it caused.
Thousands of customers have been charged higher interest rates than they should have been.
The Bank of Ireland customer was first told she was affected in December last year – but has received no additional information since then.
Up to 15,000 people are affected by the tracker mortgage scandal – but even people who were never on a tracker may have been overcharged.
ANY SIGNIFICANT LEVEL of flu in the community could lead to the Covid-19 test and trace system being overwhelmed as people present with similar symptoms, health experts say.
Chief Clinical Officer Dr Colm Henry told TheJournal.ie that because flu and Covid-19 both seriously impact on vulnerable and older groups, health officials want to “avoid a twin attack on the same populations” in Ireland.
He said the focus will also be on keeping down the level of flu among those who will not be seriously ill with it, but who may pass it on to those vulnerable groups.
This is why the flu vaccine without charge has been extended to a number of other groups this year, including to children aged two to 12. Previously this applied only to those over the age of 70.
So, today we want to know: Do you plan to get the flu vaccine this upcoming winter?
Poll Results:
Share your story: voices@thejournal.ie
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Calls for head of KBC group to apologise after comments about 'annoying' tracker mortgage scandal
More than 40,000 people were affected by the scandal.
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