Citizens to Park Auto Loan Business
Rhode Island-based regional lender Citizens Bank is getting out of the auto loan business next month.
Santander to Buy Remaining Shares of Auto Lender
Santander Holdings USA Inc. will pay approximately $2.5 billion to acquire the outstanding shares of its auto loan business, making it a wholly owned subsidiary.
Cromwell Man Pleads Guilty to Auto Lending Fraud Scheme
A Cromwell man who was previously convicted for a mortgage fraud scheme pleaded guilty last week to an auto loan scheme that defrauded lenders of $650,000.
US Senate Panel Plans to Repeal Auto Lending Rules
U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to repeal the Consumer Financial Protection Bureau’s indirect auto lending and leveraged lending rules in the coming weeks.
