Santander reaches settlement with states in subprime auto loan probe
A group of 34 state Attorneys General has reached a settlement with Santander Consumer USA, over allegedly shady subprime auto loan practices, that could provide consumers with $550 million in relief nationwide, officials announced Tuesday. The bank allegedly violated consumer protection laws in targeting buyers who were more likely to default for risky loans, according…
Santander reaches settlement with states in subprime auto loan probe
A group of 34 state Attorneys General has reached a settlement with Santander Consumer USA, over allegedly shady subprime auto loan practices, that could provide consumers with $550 million in relief nationwide, officials announced Tuesday. The bank allegedly violated consumer protection laws in targeting buyers who were more likely to default for risky loans, according…