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Ireland may consider range of penalties over mortgage overcharging
October 25, 2017 / 4:15 PM / 24 days ago

Ireland may consider range of penalties over mortgage overcharging

DUBLIN, Oct 25 (Reuters) - Ireland could increase a government levy on banks, amend its tax law, introduce stricter reporting or take shareholder activist actions if insufficient progress is made on a mortgage overcharging scandal, its finance minister said on Wednesday.

Paschal Donohoe also mandated the country’s central bank to prepare a report on current bank culture and behaviour. The Central Bank said it shared the government’s view that “significant and deep-rooted cultural issues” still exist in some of the banks. (Reporting by Padraic Halpin; Editing by Susan Fenton)

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