Mass. AG Investigating Santander’s Subprime Lending Business
December 30, 2014
BOSTON — Massachusetts Attorney General Martha Coakley has subpoenaed Santander Consumer USA, requiring that the finance source produce documents related to its subprime auto lending business. The AG is also questioning a handful of other auto lenders, which she declined to name, the Boston Globe reports.
Earlier in December, Santander and six other auto lenders received subpoenas from the New York Department of Financial Services over discriminatory practices that allegedly caused minority car buyers to pay more for auto loans.
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