Santander stops issuing new credit cards after discovering interest overcharges to some customers

SANTANDER has suspended issuance of new credit cards after finding interest overcharges to some customers. / BLOOMBERG NEWS FILE PHOTO/ANGEL NAVARRETE
SANTANDER has suspended issuance of new credit cards after finding interest overcharges to some customers. / BLOOMBERG NEWS FILE PHOTO/ANGEL NAVARRETE
BOSTON – Santander Bank has stopped issuing new credit cards as it seeks to fix an issue in which the bank charged some credit card customers a higher interest rate than agreed to. The company, which discovered the interest overcharges internally, is in the process of informing and refunding customers for overcharges – which were…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -