Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and $2.87 million to Delaware — to resolve predatory subprime auto loan allegations. “I think the scope of the settlement and...
November 08, 2022
The percentage of subprime auto loan borrowers who have fallen behind on payments has risen by more than a percentage point over the last year. The share of borrowers who are at least 61 days late on a payment stood at 5.13% in October, up from 3.76% a year earlier, Bloomberg reported Tuesday (Nov. 8), […]
March 30, 2017
Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and $2.87 million to Delaware —...
