Santander unit to pay $25M over subprime auto loans

A BANCO Santander SA unit will pay almost $25 million to two U.S. states to resolve a joint investigation into predatory subprime auto loans that resulted in buyers owing thousands of dollars more than their cars were worth - the first such accord in the country. / BLOOMBERG NEWS PHOTO/ANGEL NAVARRETE
A BANCO Santander SA unit will pay almost $25 million to two U.S. states to resolve a joint investigation into predatory subprime auto loans that resulted in buyers owing thousands of dollars more than their cars were worth - the first such accord in the country. / BLOOMBERG NEWS PHOTO/ANGEL NAVARRETE
BOSTON - A Banco Santander SA unit will pay almost $25 million to two U.S. states, Massachusetts and Delaware, to resolve a joint investigation into predatory subprime auto loans that resulted in buyers owing thousands of dollars more than their cars were worth - the first such accord in the country. Santander Consumer USA Holdings…

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