Santander agrees to $550M U.S. settlement over subprime auto loans

Santander agrees to $550M U.S. settlement over subprime auto loans

For some consumers who defaulted but have not had their cars repossessed, Santander is required to allow them to keep them and waive loan balances up to a total of $45 million and to waive deficiency balances on other loans totaling $433 million.

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