Following GM Financial's subpoena from the Department of Justice, Santander Consumer said that it had received a subpoena as well related to
"production of documents and communications that, among other things relate to the underwriting and securitization of nonprime auto loans since 2007,"
Reuters is reporting that Santander Consumer is co-operating with the requests. Santander Consumer is a major lender, with Experian reporting that it ranked 5th in used vehicle loan originations in the first quarter of 2014 and 10th overall. Santander Consumer is also partnered with Chrysler Capital, which is Chrysler's captive financing arm. When reached for comment, Chrysler was unavailable at the time of publication.
The post Santander Consumer Receives DOJ Subpoena appeared first on The Truth About Cars.
from The Truth About Cars http://ift.tt/Jh8LjA
Put the internet to work for you.
| |
| Recommended for you |
No comments:
Post a Comment