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Maryland A.G. Frosh Announces $550 Million Settlement With Subprime Auto Financing Company Santander Consumer USA Inc.
May 20, 2020
BALTIMORE, Maryland, May 20 -- Maryland Attorney General Brian E. Frosh issued the following news release on May 19:

Maryland Attorney General Brian E. Frosh announced a multistate settlement with Santander Consumer USA Inc. (Santander) that includes more than $500 million in relief for consumers.

The settlement resolves allegations that Santander violated consumer protection laws by exposing subprime consumers to unnecessarily high levels of risk by placing them into a . . .

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