Auto Loans

Santander Consumer USA will pay $65 million to 33 states and the District of Columbia and forgive nearly $500 million more in debts to settle claims that its subprime auto lending business exposed consumers to “unnecessarily high levels of risk.”

HONOLULU — Santander Consumer USA will pay $65 million to 33 states and the District of Columbia and forgive nearly $500 million more in debts to settle claims that its subprime auto lending business exposed consumers to “unnecessarily high levels of risk.”

Categories / Business, Consumers, Financial, Government

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Auto Loans

Subscribe to Closing Arguments

Additional Reads