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Santander To Pay $25M To Resolve Auto Loan Allegations

PYMNTS

million to Delaware — to resolve predatory subprime auto loan allegations. “I Auto lending is big business for Santander — it is $38.5 Earlier this year, the Office of the Comptroller of the Currency downgraded Santander’s rating in community lending. states — $22 million to Massachusetts and $2.87

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Washington Watch

Independent Banker

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. Starting fresh.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Ethereum has the best developer community still, and there are things you can actually do with digital assets on this chain. We are here. We are in it.

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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

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