The state Department of Banking and Santander have signed off on a consent order in which the two sides agreed on a $2.9 million settlement related to the repossessing of motor vehicles in Connecticut. The company also paid a $100,000 fine.
February 21, 2018 at 12:39 PM
1 minute read
Reporter
The state Department of Banking and Santander Consumer USA have announced a $2.9 million settlement that will credit, waive or refund the accounts of 3,730 Connecticut consumers whose vehicles were repossessed.
Santander does not acknowledge wrongdoing, but in the consent order signed by both parties Tuesday, the Illinois-based financial services company agreed to pay a $100,000 fine.
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