More than 1,700 in Connecticut to share in Santander settlement of alleged auto loan consumer protection violations

Santander is required to factor in a consumer’s ability to pay the loan. For consumers with the lowest quality loans who defaulted as of Dec. 31, 2019, and have not had their cars repossessed, Santander is required to allow them to keep their car and waive any loan balance, up to a total value of $45 million in loan forgiveness.

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