{"id":3880,"date":"2019-07-17T09:08:30","date_gmt":"2019-07-17T09:08:30","guid":{"rendered":"http:\/\/seancrowe.ie\/home\/?p=3880"},"modified":"2019-07-17T09:08:32","modified_gmt":"2019-07-17T09:08:32","slug":"crowe-says-tracker-scandal-still-not-resolved-for-many-customers","status":"publish","type":"post","link":"http:\/\/seancrowe.ie\/home\/crowe-says-tracker-scandal-still-not-resolved-for-many-customers\/","title":{"rendered":"Crowe Says Tracker Scandal Still Not Resolved for Many Customers"},"content":{"rendered":"\n<p><strong>Crowe Says Tracker Scandal Still\nNot Resolved for Many Customers <\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Dublin South West TD Se\u00e1n Crowe\nhas said that despite the publication of the Central Bank\u2019s final report on the\ntracker mortgage scandal many customers\u2019 cases still not&nbsp;resolved, remain\noutstanding and face into an uncertainty of the courts.<\/p>\n\n\n\n<p>The Bank overcharging scandal can\nbe traced back to the start of the financial crisis when they moved to stop\noffering cheaper mortgages linked to the European Central main rate-trackers.\nIn doing so they denied many of their borrowers on temporary fixed rate\nmortgages their right to move back on to a tracker rate at the end of a fixed\nrate period.<\/p>\n\n\n\n<p>Deputy Se\u00e1n Crowe said:<\/p>\n\n\n\n<p>\u201cI welcome the publication of the\nCentral Banks final report on the tracker mortgage scandal but unfortunately\nmany customers cases are still not resolved, remain and face into the\nuncertainty of long drawn out court cases having lost their homes.<\/p>\n\n\n\n<p>\u201cThe report should be compulsory\nreading for all those pushing for easing of bankers\u2019 pay and bonus caps.\nNinety-nine family homes were lost because of the banks\u2019 incompetence or\nunderhandedness. We also know now that a further 216 rental properties were\nlost causing great hardship to both owners and their tenants.<\/p>\n\n\n\n<p>\u201cThis scandal was not victimless\nand nor was it without perpetrators who took these decisions. The search for\naccountability should not end today. Each one of the 40,000 victims have a\nstory to tell and no amount of compensation or redress will heal the wounds\nthat these decisions caused.<\/p>\n\n\n\n<p>\u201cOnly 40% of the known cases\nwould have been addressed if the banks were left to their own devices. The\nCentral Bank had to engage a whopping 220 times with the lenders to get to this\npoint. <\/p>\n\n\n\n<p>\u201cFar from apologetic, they have\nbeen dragged kicking and screaming every step of the way throughout this\nprocess. <\/p>\n\n\n\n<p>&nbsp;\u201cI am also extremely\nconcerned that there are potentially thousands of people who will now be forced\nto go through lengthy, expensive and uncertain court cases to try and get their\ncases resolved.<\/p>\n\n\n\n<p>\u201cThis latest tracker scandal has\nhighlighted once again that governance of the Banks is weak&nbsp;slow to act,\nand inept when it comes to standing up for hard pressed customers.<\/p>\n\n\n\n<p>\u201cThe tracker mortgage scandal is\nfar from over, certainly not until the last case has been settled conclusively\nand until all those bankers responsible are held individually accountable. This\nis not \u2018bank bashing\u2019- it is about ensuring that there is one law for all in our\nsociety and no special treatment for white collar crime, recklessness or sharp\npractices.\u201d&nbsp;ENDS<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crowe Says Tracker Scandal Still Not Resolved for Many Customers Dublin South West TD Se\u00e1n Crowe has said that despite the publication of the Central Bank\u2019s final report on the tracker mortgage scandal many customers\u2019 cases still not&nbsp;resolved, remain outstanding and face into an uncertainty of the courts. The Bank overcharging scandal can be traced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[184],"tags":[],"class_list":["post-3880","post","type-post","status-publish","format-standard","hentry","category-banks"],"_links":{"self":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/3880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/comments?post=3880"}],"version-history":[{"count":1,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/3880\/revisions"}],"predecessor-version":[{"id":3881,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/3880\/revisions\/3881"}],"wp:attachment":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/media?parent=3880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/categories?post=3880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/tags?post=3880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}