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Santander Inks $550M Subprime Loan Settlement In 34 States

By Matthew Santoni ( May 19, 2020, 6:10 PM EDT) -- A Santander Group consumer finance unit reached a $550 million settlement with 34 states over allegations that it pushed risky subprime auto loans without adequate oversight, creating higher chances that consumers would default and have their vehicles repossessed, a coalition of state attorneys general announced Tuesday....

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