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Lenders are forced to re-run credit checks after Central Bank’s debt register failure

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The Central Bank has told lenders to re-run thousands of credit checks after admitting its Central Credit Register (CCR) was not operating correctly on June 8 and 9, the Irish Independent can reveal.

However, the Central Bank refused to say whether loans were incorrectly approved and drawn down by borrowers with arrears as a result of the problems with its system.


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