Banks have been accused of deliberately misleading the Government regarding interest charges on mortgage payment breaks.

The Central Bank governor has confirmed that banks are not required to charge this interest, contradicting claims made by the banks in a meeting with then Taoiseach Leo Varadkar in May.

Almost 80,000 mortgage holders have availed of the payment breaks, and the interest charges will have to be paid by them afterwards.

Charlie Weston, personal finance editor of the Irish Independent, joined us to discuss this and what the future holds for credit unions as members stop borrowing during the current crisis.