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In 2017, Santander agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware over sub-prime auto loans.
Santander's total auto loan originations reached $8.4 billion, an increase of 5 percent. FCA average quarterly penetration rate also increased to 36 percent, up from 32 percent in second-quarter 2018.
The Santander US Auto business uses FICO® Platform to enhance the use of machine learning capabilities to support credit risk analysis.
Santander Consumer USA in Dallas has agreed pay a $2.5 million fine and $9.3 million in restitution to auto loan borrowers to settle allegations that it deceptively marketed an add-on insurance ...
Tim Wennes, the CEO of Santander U.S., said in an interview that the company has been migrating to becoming a "full-spectrum" auto lender that serves more customers with prime or super-prime credit ...
A unit of European lender Banco Santander SA (SAN.MC) has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance ...
Santander Consumer USA Inc. has reached a $550 million deal with nearly three dozen states to settle charges of predatory auto lending to low-income and subprime borrowers.
Facing accusations by the feds that it misled customers on their auto loans and insurance products, subprime auto lender Santander Consumer USA agreed to pay $11.8 million to settle the claims, a ...
A group of 34 state attorneys general has reached a settlement with Santander Consumer USA over allegedly shady subprime auto loan practices, which could provide consumers with $550 million in reli… ...
Spain's Santander launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail business in the country, U.S ...
Santander Consumer USA Holdings Inc <SC.N> has agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware into its financing and securitization of ...
A unit of European lender Banco Santander SA <SAN.MC> has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance ...
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