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Biggest Subprime Auto Lender Skipped Income Verification On 92% Of Auto Loans

biggest subprime auto lender skipped income verification on 92% of auto loans
We first introduced readers to the "New Century of auto finance" (aka "Santander Consumer USA") several years ago when we first took note of their aggressive auto ABS facilities.  In fact, here is a..
Zero Hedge

Moody's: Dallas' Santander Consumer USA only verified income on 8% of auto loans


DallasNews

Videos for santander

News video: Trouble Brews in Subprime Auto Loan Market

Trouble Brews in Subprime Auto Loan Market 03:14

May.22 -- Santander Consumer USA Holdings Inc. verified income on just 8 percent of borrowers whose loans it recently bundled into $1 billion of bonds, according to Moody’s Investors Service...
Source: Bloomberg Global Business -

News video: Samsung Pay Launches In The UK

Samsung Pay Launches In The UK 00:50

Samsung Pay is rolling out its software to devices in the UK now. If you own a recent Samsung phone - and use a supported bank - you’ll be able to download the Samsung Pay app from the Samsung App..
Source: Wochit Headline News -

News video: Microsoft Warns Government About Cyber Attack

Microsoft Warns Government About Cyber Attack 01:01

Many institutions have suffered a cyber attack and Microsoft is warning governments to maintain higher security.
Source: FYINews -

News video: Spain, UK come under 'ransomware' cyber attack.

Spain, UK come under 'ransomware' cyber attack. 01:00

Spain's government warned on Friday that a large number of companies had been attacked by cyber criminals who infected computers with malicious software known as “ransomware”, while Britain's..
Source: Reuters Studio -

News video: Spain, UK come under 'ransomware' cyber attack.

Spain, UK come under 'ransomware' cyber attack. 01:00

Spain's government warned on Friday that a large number of companies had been attacked by cyber criminals who infected computers with malicious software known as “ransomware”, while..
Source: Business Video Online -

 

Berkshire Bank to acquire Commerce Bank and move HQ to Boston

The parent company of Berkshire Bank announced Monday that it was acquiring Worcester-based Commerce Bank — making Berkshire the second-largest bank in Massachusetts behind Santander — and moving..
bizjournals

Enterprise Ethereum Alliance expands dramatically announcing 86 new members including Broadridge, DTCC, Deloitte, Infosys, ​Merck KGaA​, MUFG, National Bank of Canada, Rabobank, Samsung SDS, State Street, Toyota and many of the most innovative startu

Monday 22 May, 2017- Enterprise Ethereum Alliance (EEA), a newly formed enterprise collaboration focused on Ethereum blockchain technology, is pleased to announce the addition of over 86 new..
Pressat

Santander UK Spoiler Alert: She Says 'Yes, I'll Marry You'

LONDON, May 22, 2017 /PRNewswire/ -- Santander UK has helped a customer propose to his girlfriend in the most unique and special way. A viral film, entitled 'Love Virtually,' sees the couple get e...
FinanzNachrichten.de

Key appointment at Nottingham's largest homegrown financial...

key appointment at nottingham's largest homegrown financial...
Nottingham Building Society has appointed Dan Mundy as finance director.He succeeds Ashraf Piranie, who recently left the organisation – which trades as The Nottingham – to join West Bromwich..
Nottingham Post

Samsung Pay's finally launched in the UK

samsung pay's finally launched in the uk
Samsung Pay has finally launched in the UK to take on Apple and Google when it comes to paying with a smartphone. Users of Samsung phones will now be able to pay for things with a swipe of their..
City A.M.

How do I prove Santander transaction was £500 short?

how do i prove santander transaction was £500 short?
I rang the Redruth branch of Santander requesting £1,500 in cash for the next day. When I collected the money, the cashier handed me a sealed plastic envelope.
MailOnline

Santander ups roles of comms chiefs Scardino and Strachan

Banking giant Santander has given new roles to global communications chief Jennifer Scardino and senior comms figure Michael Strachan.
PRWeek

Santander faces challenge over fraud losses

santander faces challenge over fraud losses
A campaigner plans a group action to try to recoup losses by Santander customers caught out by fraudsters.
BBC News

Banco Popular posts €137m loss and ups provisions on toxic assets

banco popular posts €137m loss and ups provisions on toxic assets
Spanish lender Banco Popular today revealed first quarter losses of €137m and was forced to up provisions against its €37bn pile of toxic property assets. Banco Popular has the largest slice..
City A.M.

Santander chooses Hiperos for 3PM risk management

Leading compliance solutions provider Opus announced today that its innovative Hiperos 3PM platform...
Finextra

MarketInvoice tops up team with appointment of former Deutsche Bank trader

Peer-to-peer online invoice finance platform MarketInvoice has appointed former Deutsche Bank trader Neha Mittal as its vice president of finance and strategy. Mittal left Deutsche Bank in 2012 and..
City A.M.

Colombia’s Second-Biggest Pipeline Attacked, Again

Colombia’s second-largest pipeline, Cano-Limon Covenas with a 210,000-bpd capacity, was attacked early on Thursday, as a result of which oil was spilled and the flow of crude along the pipeline was..
OilPrice.com

Gloria Hunniford reveals why she moved savings out of bank

gloria hunniford reveals why she moved savings out of bank
Gloria Hunniford (pictured) has revealed why she no longer trusts high street banks, after a lookalike conwoman managed to steal £120,000 from her account with Santander.
MailOnline

This top US boss says UK needs to find its "swagger" to thrive after Brexit

this top us boss says uk needs to find its "swagger" to thrive after brexit
Britain has been urged to find its “swagger” as the battle over London’s €1 trillion-per-day euro clearing market heats up. The boss of US financial giant the Intercontinental Exchange (ICE)..
City A.M.

Santander sets aside another £32m over PPI scandal

santander sets aside another £32m over ppi scandal
Santander has set aside another £32 million to compensate consumers who were mis-sold PPI, taking its bill for the scandal to £1.7 billion.
MailOnline

Five charts showing the UK’s most complained-about banks

five charts showing the uk’s most complained-about banks
Barclays is officially the UK’s most complained about bank, beating its high street competitors by more than 140,000 complaints. Barclays admitted that “we still have more to do” in terms of..
City A.M.

European banks benefit from emerging markets

Credit Suisse, Standard Chartered and Santander all comfortably beat expectations
FT.com

Santander boss: Brexit won't be as bad as we thought...

santander boss: brexit won't be as bad as we thought...
Brexit will have less impact on Santander's UK arm than was previously feared, its boss said today.  Jose Antonio Alvarez made the comments as the Spanish lender revealed bumper first quarter..
City A.M.


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