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Finance Insurance

Santander agrees to $550M settlement over subprime loans

Santander
(Bloomberg/Bloomberg)
DS
By:
DAVID SHEPARDSON
R
By:
Reuters
|
May 19, 2020 05:11 PM

WASHINGTON -- Santander Consumer USA Holdings Inc. said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million settlement with 33 states and the District of Columbia over subprime auto loans.

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