Santander Consumer USA

Losing Fiat Chrysler would threaten Santander Consumer’s independence

06/08/18

The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.

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Santander Consumer in talks to sell its share of partnership with Fiat

06/01/18

The subprime lender could lose a big partner now that Fiat Chrysler has officially announced it will form its own auto finance unit, and the two are negotiating an end to their 6-year-old relationship.

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Look out Ally, Santander Consumer: Here comes Fiat Chrysler

05/30/18

Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.

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Santander Consumer pays $3M to resolve another regulatory matter

02/20/18

The subprime auto lender paid $2.9 million to Connecticut consumers and a $100,000 fine for miscalculating balances owed on repossessed cars and for charging improper fees. It says the settlement is part of an effort to clean up "legacy issues."

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Credit losses keep rising at Santander Consumer, but at a slower pace

01/31/18

After reporting its fourth-quarter earnings, the subprime auto lender said it expects the new tax law to enable more car owners to stay current on their loans.

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Ex-Santander Consumer CEO nets $700M after ouster

11/17/17

The subprime auto lender late Friday provided the final details of its separation agreement with Thomas Dundon, who stepped down two years ago in a leadership shake-up.

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Santander Consumer dives back into subprime auto as others flee

10/27/17

The Dallas consumer lender says it plans to boost subprime originations again after retooling its portfolio and taking stock of the economy.

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