FF calls for investigation into Central Bank role in PTSB mortgages furore

Fianna Fáil is claiming the Central Bank has serious questions to answer following revelations that it was warned in 2009 about the tracker mortgage scandal at PTSB.

It has emerged the-then Financial Services Ombudsman wrote to the Central Bank six years ago, calling for a probe into allegations that banks were trying to take tracker mortgages away from customers.

Read: Central Bank 'was warned about tracker-mortgage scandal six years ago'

PTSB was recently ordered to pay out millions of euro in compensation to those affected, including to 22 families who lost their homes due to higher repayments on non-tracker loans.

Fianna Fáil finance spokesman Michael McGrath said the Oireachtas Finance Committee should investigate the issue, including the role of the Central Bank.

"I don't believe we can simply rely on the Central Bank investigation into the Permanent TSB case," he said. "We also need to investigate the role of the Central Bank itself and that is why I strongly believe the Oireachtas Finance Committee should hold a series of meetings."


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