Santander, has settled with 34 states to the amount of $550 million and will be handing over some titles to consumers and waiving some deficiency balances
Thirty-four states, including Connecticut, California, Florida, New Jersey, New York and Pennsylvania, have reached a $550 million settlement with automotive financing company Santander Consumer USA Inc. to reimburse consumers for alleged deceptive loan practices nationwide. This includes handing over titles and waiving deficiency balances on some loans.
More Stories
Convicted Poker Champ, Car Dealer and Alleged Cartel Victim to Pay Restitution… with Future Poker Winnings
Ten Cars, Eight Days, One Waitress – Another Miami Bust Out Fraud Arrest
Luxury Lies: Inside a Cross-Country Auto Fraud Scheme