Below is a press release from Attorney General Lynn Fitch:
Santander will pay $3.7M to Mississippi; misled consumers are eligible for refund.
“I remain steadfast in my commitment to protect Mississippi consumers from unfair and deceptive business practices that seek to scam them out of their hard-earned money. This settlement will deliver meaningful relief to harmed consumers and will provide future protection from predatory lending practices,” said Lynn Fitch.
Attorney General Lynn Fitch has reached a settlement with Santander resolving allegations that Santander violated the Mississippi Consumer Protection Act by exposing Mississippi consumers to high levels of risk, placing these consumers into auto loans that had a high probability of default, and engaging in aggressive collection practices.