More than €67 million is to be refunded to tens of thousands of bank customers who were mis-sold financial products.
The Central Bank has carried out a review across 11 banks that sold payment protection insurance to people when taking out loans.
Out of 350,000 PPI products sold over the six years from 2007, more than 77,000 customers should receive refunds.
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The Central Bank said its now considering enforcement action against banks on foot of the investigation.
Bernard Sheridan is director of consumer protection at the Central Bank:
