Santander agrees to $550M U.S. settlement over subprime auto loans Santander agrees to $550M U.S. settlement over subprime auto loans May 19, 2020 dzadmin Comments 0 Comment 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.