BOSTON – Hundreds of Bay State motorists are about to get some good news as Santander Bank plans to pay an average of $11,000 in restitution for overcharges on some subprime auto loans, according to Massachusetts Attorney General Maura Healey.
In a settlement filed in Suffolk Superior Court, the bank's auto finance unit agreed to settle state claims that consumers with poor credit paid excessive interest on car loans. In a statement, Healey said more than 450 "economically disadvantaged consume
BOSTON – Hundreds of Bay State motorists are about to get some good news as Santander Bank plans to pay an average of $11,000 in restitution for overcharges on some subprime auto loans, according to Massachusetts Attorney General Maura Healey.
In a settlement filed in Suffolk Superior Court, the bank's auto finance unit agreed to settle state claims that consumers with poor credit paid excessive interest on car loans. In a statement, Healey said more than 450 "economically disadvantaged consume…
