Santander agrees to pay $5.5M over post repossession notices

More than 1,000 Massachusetts borrowers are expected to be eligible for relief under the agreement.

BOSTON (AP) — Santander Consumer USA, (SCUSA), a subprime auto lender, has agreed to pay more than $5.5 million to Massachusetts to resolve allegations that it did not provide proper explanations about its auto loan debt collection practices to consumers, the state attorney general’s office said Friday.

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Santander agrees to pay $5.5M over post repossession notices – Fair Debt Collection Practices Act – FDCPA  – Massachusetts Attorney General’s Office