Oireachtas Joint and Select Committees

Thursday, 18 January 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Tracker Mortgages: Central Bank of Ireland

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I want to ask about the miscalculation of arrears by Start Mortgages and Tanager. There has been some confirmation in that regard. I am aware of a court case in Northern Ireland and know that both Start Mortgages and Tanager have written to customers about an incorrect calculation of arrears and how interest was treated.

Will Professor Lane bring us up to date on where the Central Bank stands on this issue, what its role is and whether he has any information or figures in respect of it?

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