All Customers Affected By Tracker Mortgage Scandal Need Reimbursed And Compensated - FF

Fianna Fail is calling on the banks to pay money back to all customers affected by the tracker mortgage scandal as well as compensation.

The party's spokesperson on Finance Michael McGrath TD was responding to comments reported on RTE News from the Governor of the Central Bank Philip Lane in Washington where he said "most" of the customers wrongly denied tracker mortgages will have received their payments by June but that some banks "still have a way to go".


He said: "It is extraordinary to think two and a half years on from the commencement of the Central Bank tracker investigation, there are customers out there who have still not got their own money back. The principal reason for this is that some banks have at every opportunity sought to minimise the impact of the scandal and exclude certain groups of customers.

"The Central Bank should not tolerate any further delays in this process and needs to insist that all customers receive the appropriate redress and compensation by the end of June as promised. The Regulator must ensure that all outstanding issues are addressed including the ‘prevailing rate’ customers in AIB and Permanent TSB. Banks that miss this deadline should be subject to tough regulatory action."

(CD/MH)