SACRAMENTO California Attorney General Xavier Becerra today, along with a coalition of 33 other attorneys general, announced a multistate settlement with Santander Consumer USA Inc. (Santander) that includes over $550 million in nationwide relief for consumers; California consumers will receive over $99 million of that amount. I purchased the vehicle for $13,000. Class Members in the Santander Consumer USA settlement do not need to file a claim form in order to benefit. Its terrible that this keeps happening! I purchased a car that Santander financed in pre driven impala back in 2012 in the state of California while working in the San Diego. Required fields are marked *. If you are a Santander customer who has suffered financial harm due to the companys alleged fraudulent practices, you may have legal recourse through a class-action lawsuit. The final restitution amount per consumer is not yet known, but the amount will be at least $224.80 per consumer. As part of the agreement, Santander is required to examine a persons ability to pay back a loan before issuing one. Consumers will NOT know their own internal score. Secure .gov websites use HTTPS It will require the financial institution to provide relief for affected consumers. Furthermore, it must test consumers residual income to avoid further harm to their financial health. The Santander Class Action Lawsuit is making headlines as consumers fight back against the banks alleged predatory lending practices. (888) 681-1076 If youre eligible to participate in a class-action lawsuit, you should receive a notice from Santander Consumer USA. Captain McDowell entered into a three-year lease in October 2017 for a Jeep Grand Cherokee, but he learned in May 2019 that he was going to be deployed to Afghanistan. Click here to login, 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). A class-action lawsuit against Santander is a great way to get justice for your money. Credit scores go flat, First Republic Bank seized, sold to JPMorgan Chase, So, you won the lottery?

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