CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

[FinStar]

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release.

https://www.pymnts.com/news/cfpb/2020/cfpb-santander-must-pay-4-million-credit-reporting-violations/...

[blindambition]

That doesn't hurt as much as the multi SAg and states lawsuit, but certainly well deserved. Thanks for posting. Hadn't seen that yet.

[peter1974]

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@blindambition wrote:

That doesn't hurt as much as the multi SAg and states lawsuit, but certainly well deserved. Thanks for posting. Hadn't seen that yet.

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How do we know if we were impacted by this?

[tricie17]

They just can not seem to stay out of the news.  It is greed! and bad business.

[tricie17]

Everyone that has used Santander probably has been impacted in one way or another, whether knowing or not knowing. Even if the record was steller, I am sure they did something. And Santander is not the only ones.

[peter1974]

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@tricie17 wrote:

Everyone that has used Santander probably has been impacted in one way or another, whether knowing or not knowing. Even if the record was steller, I am sure they did something. And Santander is not the only ones.

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I wonder if we can use this as leverage to get them removed from our reports.

[blindambition]

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Hi @Peter1974  You might find stuff about your state in this thread. @peter1974 wrote:

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@blindambition wrote:

That doesn't hurt as much as the multi SAg and states lawsuit, but certainly well deserved. Thanks for posting. Hadn't seen that yet.

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How do we know if we were impacted by this?

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There's links to news articles about lawsuit throughout thread. I'd do a google search with Santander and your state, or search the database of your State Attorney General website.

[peter1974]

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@blindambition wrote:

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Hi @Peter1974  You might find stuff about your state in this thread. @peter1974 wrote:

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@blindambition wrote:

That doesn't hurt as much as the multi SAg and states lawsuit, but certainly well deserved. Thanks for posting. Hadn't seen that yet.

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How do we know if we were impacted by this?

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There's links to news articles about lawsuit throughout thread. I'd do a google search with Santander and your state, or search the database of your State Attorney General website.

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Yes I've been in that thread and unfortunately my state wasn't part of that lawsuit. But this FCRA violation is a different thing and not isolated to certain states.

[Anonymous]

Very true (unfortunately)... 😒

[edwardw818]

I knew it... I heard bad things about Santander. Karma!