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Tracker Mortgages Examination

Dáil Éireann Debate, Thursday - 6 April 2017

Thursday, 6 April 2017

Ceisteanna (109)

Pearse Doherty

Ceist:

109. Deputy Pearse Doherty asked the Minister for Finance the details of all notifications of errors sent to the Central Bank by lenders (details supplied). [17203/17]

Amharc ar fhreagra

Freagraí scríofa

The Central Bank advises that the information requested by the Deputy is lender specific supervisory information and that it is not in a position to comment on individual lenders due to confidentiality requirements under Central Bank legislation.

However, in the most recent update on the Examination which was published on March 23, certain data in relation to the Examination was published. This included:

- in all approximately 9,900 accounts had been identified as impacted by lenders as part of the Examination as at end February 2017; and

- that lenders had commenced contacting impacted customers identified as at end February 2017 and rectified the interest rates on more than 90% of accounts requiring rectification.

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