Irish governor says bank is taking tough action on loan malpractice

Photo of mortgage lending
Mortgage failings are the subject of a Central Bank of Ireland probe

Ireland’s central bank governor has said the institution is taking extensive action against commercial banks accused of malpractice in the so-called “tracker mortgage” scandal.

In October 2015, the central bank set up an enquiry, following approximately 7,100 complaints between 2008 and 2015 from borrowers concerning tracker mortgages, Philip Lane told Irish lawmakers. The ongoing review is the “largest, most complex and significant supervisory review that the central bank has undertaken to

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