Financial Regulator issues €18.3m fine to KBC Bank over tracker mortgage failures – TheLiberal.ie – Our News, Your Views

Financial Regulator issues €18.3m fine to KBC Bank over tracker mortgage failures




Image source: KBC

The Financial Regulator has fined KBC Bank with €18.3m the entity’s tracker mortgage failures.

The Belgian institution has been accused of ‘serious failings’ in its dealings with tracker mortgages.

The Regulator concluded that KBC had substantially overcharged no fewer than 3,741 customer accounts between June 2008 and October 2019.

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