February 25, 2015
Posted January 25, 2016
Motor Vehicle lender Santander Consumer USA Inc. agreed to pay at least $9.35M to resolve allegations it violated the Servicemembers Civil Relief Act (SCRA) from its improper repossessions of 1,112 motor vehicles between January 2008 and February 2013. According to the government, Santander completed 760 repossessions without required court orders of motor vehicles owned by SCRA-protected service members. It is the largest settlement for illegal automobile repossessions ever obtained by the US under the SCRA. DOJ