Santander Takes A Nearly $3 Million Hit
The auto financing arm of banking giant Santander has reached a $2.9 million settlement with state banking regulators for alleged violations involving the repossession of motor vehicles.
Santander Consumer USA has credited, refunded or waived $2.9 million in principal, interest and other fees and assessments, including convenience fees, to more than 3,700 Connecticut consumers, under the settlement.
Santander also has paid a $100,000 fine.
