Central Bank writes to lenders about contacting customers in arrears
The Central Bank of Ireland has issued a letter to lenders, clarifying the protections and limits on contact with consumers in arrears set out in both the Consumer Protection Code 2012 and the Code of...
View ArticleHousehold financial distress at “unprecedented levels”, insist Honohan
Household financial distress is now at “unprecedented levels’, according to the Central Bank’s Patrick Honohan. Speaking at the bank’s conference on distressed property, Professor Honohan said they are...
View ArticleSlight fall in mortgage arrears
There were 80,854 mortgage accounts in arrears of greater than 90 days compared to 80,487 in August, a drop of 367 accounts, latest figures from the Department of Finance reveal today. Engagement...
View ArticleProgress being made on mortgage arrears settlements
Engagement between consumers and lenders led to 65,698 permanent mortgage restructures by the end of April, according to the latest figures from the Department of Finance. This is an increase of 3,633...
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