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THE CENTRAL BANK has identified an additional cohort of people who have been impacted by the tracker mortgage scandal, according to its latest figures on the issue.
As at mid-March, 37,100 customers had been identified as having been affected by the scandal, an increase of 3,400 from the same figure seen at end December 2017.
The scandal saw more the customers of the country’s banks who were affected being overcharged by their lenders when they were either denied a tracker rate they were entitled to, or charged the wrong rate of interest on their mortgage.
To date, €459 million in redress and compensation has been paid out by Irish lenders, an increase of €162 million from December.
88% of those affected by the scandal have now been offered compensation, according to the Central Bank.
63% of those redress payments totalled less than €10,000.
“We recognise the devastating effects that lenders’ failures have had on people,” said the Central Bank’s director general of financial conduct Derville Rowland.
We’re using our powers to force the banks into remedying the scandal they caused. The payment of redress and compensation to those affected is now very significantly advanced, and proceeding in line with the timelines set out by the Central Bank.
The Central Bank has initiated enforcement proceedings against the six lenders involved – Permanent TSB, Ulster Bank, Bank of Ireland, KBC Bank, AIB, and EBS.
Reacting to the news, Sinn Féin finance spokesperson Pearse Doherty said that “the banks still think they can get away with their theft”.
“I am deeply angry at the fact that so many years after this scandal was exposed these newly discovered cases will only be starting the compensation and redress process now due to the verification process,” he said.
(The banks) are fighting tooth and nail against their own customers to keep them excluded. That is the only logical reason 3,400 more cases have been found in the last few weeks under Central Bank pressure. CEO after CEO shedding crocodile tears does not cut it, their actions show that they are still behind the scenes challenging their own customers.
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“Big Names”. …. Big Names in their own minds!!!!
Does 2FM train them all to speak with the same voice / accent. It’s like nails on a blackboard.
Radio nova all the way.
@Brian Dunne: 100%
@Brian Dunne: Same playlist since it launched when it asked Metro Newspaper readers to list their favourite rock songs. They have been sticking to that rigidly. You may argue that goes for all the stations, but they inject fresh new songs every week. Radio Nova play the same 2 or 3 songs from about 10 artists
@Jack Burton: I have to agree unfortunately!
@Jack Burton: but that’s obviously what many people like…their ratings are increasing
@Brian Dunne: They do some Powerballads throwback that really hits the spot, they’re not afraid of bringing in the cheese.
@Jack Burton: I love Radio Nova but yes I’ve noticed all Summer it’s the same songs every few days. So many other great 80’s hits, plenty of B-sides not sure why they don’t branch out their playlists more.
There was no collapse in listenership when Tubridy left his radio slot either, all evidence points to high earners at RTE having little or no impact on ratings so salaries are entirely unjustified.
Of course our government doesn’t care and writes them blank cheques regardless.
Big names lol they were so big they were snapped up immediately id say.
Wouldn’t believe a word of it 2fm pure mule
@Brendan Murphy: total muck
@Brendan Murphy: man doesn’t like radio station so believes that nobody else can possibly like it, to the extent that he believes that independent listenership figures are bogus
Plenty of stations much better than that tripe
@Ian Cryan: Spot on .
It’s because those mid-morning until afternoon presenters on Today FM are insufferable….
@Noel Leech: you mean cash machine fm?
@Brian Dunne: oh yeah that’s the one, good man
I’ll stick with Radio Nova. PJ and Jim in the morning and Pat Courtenay for the drive home keep me sane in the traffic.
@Ger Whelan: My only problem with Nova is that they play the same 2 or 3 songs from each artist.
Don’t belive this at all. Pure fiction. Maybe an audit or review of methodology of data collection.
@Mr “JonnieBoy” Johnson: Can we have an audit or review on the data that leads you to call this fiction??
@Mr “JonnieBoy” Johnson: What a silly statement.
2FM is station of wannabes with notions. Full stop.
Just goes to show, clinging onto talent that once worked well or seemed good isn’t necessarily the only option. There’s always a replacement, there’s always a roll of the dice, it may even be from people tuning in to see what the new shows are like, a bounce so to speak.
Just AI presenting now
Who paid for this survey?….enough said!
Not the station it was years ago…
@Mark Gannon: Ah Larry and the Just a minute Quiz , Good times .
Timewarp Ireland on the interweb , no ads , no DJs , music heaven.
‘In spite of stars leaving’ . Should that not be ‘because of stars leaving’?
Lefty station
@Fintan Pox: right fool
@Joe Kelly: change the f to a t in fool!!
According to the far right on venture capitalist Elon Musks X platform, these figures are inflated by AI. lol
The question is who got greased to say RTE 2Fm has seen an increase in listenership figures
Have a spotify playlist for work over 110 hours long.Will never go back to the radio.2 songs then cringey talk by usually 2 to 4 eejits pretending to be having the craic,ads,news,ads,more talk,maybe a song,news,ads,news,ads,ads,ads,ads.
It’s a joke.One Of those things that only reveals itself to be so bad when you step away from it
Honestly who needs the same news spoken word for word every hour TEN times a day.Never again.
How do they know even if we listen @ all have they a bug in our homes or what coz nobody ever came knocking on my door or rang me up just another white wash poll that means nothing when it’s certainly non transparent
@liam ward: https://info.ipsosmrbi.com/jnlr
That’s how.
This proves that “Talent” is a liability.
Callan gained more than when Turdity was presenting! I thought he was “”De Talent!??” More proof the Management Haven’t a Clue! LOL!!!
For a national station, 2FM’s listenership is so poor to start with, anything would be an improvement.
Burn down the disco
Hang the blessed DJ
Because the music that they constantly play
It says nothing to me about my life
Hang the blessed DJ
Because the music they constantly play. The Smiths
So it was just the people that left the listeners couldn’t stand then!
Big echoes still rubbish
Mistake in headline. Should be “because of ” instead of “despite”!
JLNR is total nonsense. Not worth the paper it’s written on.
Why does the journal.ie allow some of the conspiracy posts to remain. We complain when Twitter and Instagram don’t take down obvious spam. Many of the postings on this topic with their anti MSM are straight out of the extreme right playbook.
What wavelength is it on.
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