Santander just got hit hard for approving thousands of subprime auto loans

The Attorney General of Massachusetts announced a $22 million settlement with Santander bank Wednesday over the bank's subprime auto loan securitization.
According to a statement from the office of Democrat AG Maura Healey, Santander is "the largest packager of subprime auto loan securities in the US," and has facilitated "unfair, high-rate auto loans for thousands of Massachusetts car buyers." And it's said to be the first settlement in the US involving subprime auto loans. 
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