Mortgage Provider Fined For Overcharging

A mortgage provider has been fined €4.5 million for overcharging customers for their tracker mortgages.

Springboard Mortgages is a unit of the Permanent TSB group.

220 accounts were at the centre of the probe undertaken by the Central Bank, and €5.8 million in redress and compensation has also been paid so far.

Our Business Editor Vincent Wall says the investigation's been running for several months:

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