Posted the below on another post but probably better here.
This whole tracker issue is getting bogged down in a myriad of issues and concerns, getting side tracked, confusion between those who have a very legitimate grievance, those who may, and those who probably don't, and those who certainly don't and are chancing their arm. The result is complete gridlock.
I am fed up receiving the two monthly letters from the bank which are saying nothing. Banks should be prioritising the tracker issues much more than they are.
I am one of the people who had a first active tracker, now with Ulster Bank. It seems very little is progressing with those reviews. This is despite the Central Bank launching a separate investigation a long time back specifically into those trackers. That would strongly that the Central Bank has a good reason for launching a separate investigation over and above the main tracker investigation. In that event how the Central Bank are allowing things to continue this long is incredible on the first active trackers. They should force the issue with severe penalties applying. Enough of the consultancy, legal and doublespeak.
Incredible. In any business one focuses on the key areas first and then works through issues on a prioritised basis. Not in Ireland or the Banks apparently. I have posted previously about how useless the Ombudsman process was. I don't want to come to the same view on the Central Bank but I am finding it increasingly more difficult not to have stronger views on the matter.
I am simply looking for the Bank to honour a signed agreement. Is that too much to ask or expect?
How about dealing with the people who have a written agreement first?