SCUSA settles predatory lending suit dating back a decade | Auto Finance News | Auto Finance News

SCUSA settles predatory lending suit dating back a decade

© 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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