Bank shouldn't have role in compensation panels
Published 03/08/2015 | 02:30
If anything, confusion has increased since Tuesday when Permanent TSB first announced a scheme to compensate customers caught up in its overcharging scandal.
The bank now insists that a "derisory" compensation offer of €50,000 for customers who had lost their homes because of its actions was never intended to be a full and final settlement for customers.
It was always meant to be a holding payment while machinery to determine a final offer was being established, it now says.