The card will offer up to 56 days interest-free credit and incorporates new “tap and go” technology that will allow consumers to pay for purchases of €15 or less without a Pin number.

KBC Bank Ireland plans to launch a Mastercard credit card in the coming days as the latest step in its introd(...)

The Irish Mortgage Holders’ Organisation  said it had recently negotiated 97 deals involving customers of Allied Irish Banks that included some form of debt write-down.

A group involved in brokering deals between banks and distressed mortgage holders has reported a sharp increase in activity. T(...)

Under that deal, AIB wrote off €150,000 and allowed the couple, who have two children, to split the outstanding mortgage in two, with €40,000 of it parked.

A further two distressed mortgage holders have been given debt write-offs of more than €140,000 each by Allied Irish Banks in recent weeks, (...)

Irish Mortgage Holders’ Organisation director David Hall said the large mortgage write-off was an exceptional case and it would not become an automatic process. Photograph: Alan Betson/The Irish Times

People in mortgage distress have been warned not to assume AIB’s decision to write off almost half the value of a loan taken out on a Dublin co(...)

AIB Headquarters in Ballsbridge Dublin. Photograph: Bryan O'Brien

It has been a tale of two banks and their chief executives this week, with AIB and Bank of Ireland both releasing their 2013 annual results. (...)

The numbers of homeowners in mortgage arrears of over three months has fallen for the first time in almost five years but those behind in repayment(...)

  David Hall of the Irish Mortgage Holders’ Organisation said the agreement did not go far enough.

Bidders for the 13,000 former Irish Nationwide home loans put up for sale by IBRC’s special liquidators will voluntarily sign up to a code of p(...)

Irish Nationwide  liquidators– Kieran Wallace and Eamonn Richardson of KPMG –have extended the deadline for bids until early March. Photograph: Alan Betson

A right hornet’s nest has been stirred up this week over the fate of the more than 13,000 former Irish Nationwide mortgage-holders whose home l(...)

AIB is calling the write-offs a “partial compromise of principle debt” and a “right-sizing of the loan”.

AIB is set to write off debt immediately for homeowners in arrears who are deemed eligible for a new split mortgage product. Under the plan dis(...)

David Hall of the Irish Mortgage Holders Organisation: said the Insolvency Service of Ireland was essential, but “as it is currently structured it can’t work”.

Ireland’s new insolvency system is failing those who need it most because of penal costs associated with making applications, it has been claimed.Fian(...)

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