SC News and Press, Santander Consumer USA Holdings Inc. From 06/18/20

The number of consumer loan accounts  enrolled in deferment, forbearance, or some other type of relief plan since March 1 increased to 106M at the end of May, three times' the number at the end of April, the Wall Street Journal reports, citing numbers from credit-reporting firm Trans...

BOSTON , June 15, 2020 /PRNewswire/ -- Santander US announced today that it will close its offices and branches at noon on Friday, June 19 , in recognition of the oldest national commemoration of the end of slavery in the United States . "This year, Juneteenth is esp...

Thirty-day delinquency rates on automotive loans fell to 1.93% in Q1 2020 from 1.98% in the year-ago quarter, according to Experian's State of the Automotive Finance Market Report. More news on: Ally Financial Inc., Santander Consumer USA Holdings Inc., Credit Acceptance Corporation, Fi...

In early April, I cautioned investors that subprime auto loan companies like Credit Acceptance (NASDAQ: CACC) , Santander Consumer USA Holdings (NYSE: SC) , and Ally Financial (NYSE: ALLY) were facing a potential nightmare. In much the same way that the subprime mortgage market began t...

Santander Consumer USA ( SC -0.7% ) agrees to pay $550M to settle allegations that it violated consumer protection laws by placing borrowers with subprime credit into auto loans it knew carried a high probability of default, California Attorney General Xavier Becerra said today. More n...

DALLAS , May 19, 2020 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC"), today issued the following statement regarding its voluntary settlement with 33 states and the District of Columbia , which alleged that auto loans that SC funded through certain automobi...

DALLAS , May 14, 2020 /PRNewswire/ -- To address the impact of the COVID-19 pandemic, Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC"), announced today that the Santander Consumer USA Inc. Foundation has made charitable grants totaling $1.3 million to 18 nonprofit organiz...

Credit card issuers gain after Mastercard said it's seeing some early signs of "normalization" in the past two weeks. More news on: Discover Financial Services, Alliance Data Systems Corporation, American Express Company, Financial stocks news, Read more ...

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Image source: The Motley Fool. Santander Consumer USA Holdings Inc   (NYSE: SC) Q1 2020 Earnings Call Apr 30, 2020 , 8:00 p.m. ET Operator Continue reading