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Home » SCUSA settles predatory lending suit dating back a decade

SCUSA settles predatory lending suit dating back a decade

Nicole Casperson and Joey PizzolatobyNicole Casperson and Joey Pizzolato
July 20, 2020
in Compliance
Reading Time: 2 mins read
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Westlake Financial’s ABS volume to top $3b by yearend 

© Can Stock Photo / photolady8

Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime lender engaged in “predatory lending” dating back to 2010, by offering loans to consumers knowing that they had a high probability of default, according to press releases issued by numerous attorneys general. The Dallas-based lender, […]

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Tags: Bureau of Consumer Financial ProtectionDepartment of JusticelawsuitPremiumSantander Consumer USA
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