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

There is a widespread suspicion that banks have been using subtle tactics, and in some cases not so subtle tactics, in recent years to nudge customers off the tracker rate they are entitled to. The banks have no fear of the Central Bank on this issue and that is the sad reality. They are not afraid of a slap on the wrist. The truth is that the Central Bank has been examining this issue since 2010. If the Government wants banks to sit up and take notice of this issue, it needs to talk the language they understand, which is that heads will roll at a senior level if such consumer issues are not being dealt with-----

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