May 14, 2020 To address the impact of the COVID-19 pandemic, SantanderConsumerUSA 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 organizations in the communities in which SC operates. The Foundation was funded by a $3 million donation from SC. The grants are...
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Santander Consumer USA and Chrysler Capital respond to Coronavirus impact on customers and communities
March 23, 2020 Santander Consumer USA (“SC”) and Chrysler Capital today announced several initiatives to support customers and colleagues as the spread of Coronavirus (COVID-19) affects our communities. What we are doing for our customers: We are taking proactive steps to assist affected customers who are suffering financial hardship. – Our Customer Assistance Team is providing additional customer...
2019
Santander’s Sandra Broderick Honored as one of the ‘2019 Women in Auto Finance’
November 21, 2019 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”), today announced that Sandra Broderick, U.S. Head of Operations and Head of Operations for Santander Consumer USA, has been named one of the “2019 Women in Auto Finance” by Auto Fin Journal, an industry trade magazine for automotive and auto fintech executives. The list...
2018
Santander Consumer Issues Statement on Chrysler Capital
June 1, 2018 Santander Consumer USA and Fiat Chrysler US exploring options for Chrysler Capital Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”) is in exploratory discussions with FCA US LLC (“FCA”) regarding plans for FCA’s US operations. Specifically, FCA expressed its desire to establish a captive US auto finance unit in the future, and...
Santander Consumer USA And AutoGravity Work To Transform The Car-Buying And Financing Journey
May 8, 2018 Santander Consumer USA’s finance offers are now available on the AutoGravity mobile application Santander Consumer USA Holdings Inc. (NYSE: SC) today announced it has reached an agreement with automotive technology leader AutoGravity to streamline and simplify the car-buying process for consumers. Through this agreement, Santander Consumer USA’s indirect finance offers will be available to AutoGravity...
Santander Consumer USA And AutoFi Team Up To Provide Car Buyers And Dealers With Fast And Easy Online Sales And Financing
January 31, 2018 Santander Consumer USA Holdings Inc. (NYSE: SC, or the Company) today announced that it will work with automotive technology leader AutoFi to streamline and simplify the car-buying process for consumers, while giving dealers a robust digital sales channel. AutoFi connects dealers, consumers and lenders to provide a more convenient, efficient and transparent experience when researching...
2017
Santander Consumer USA Holdings Inc. Announces Key Appointments To Leadership Team
October 2, 2017 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced several key changes to SC’s leadership team under new CEO Scott Powell. SC announced that Juan Carlos Alvarez, Corporate Treasurer of Santander Holdings USA, Inc. (SHUSA), is succeeding Ismail (Izzy) Dawood as Chief Financial Officer of Santander Consumer, effective immediately. Dawood, who has been with...
Santander US Provides Relief Efforts Following Hurricane Irma
September 14, 2017 Santander US announced today that the Company and its businesses have taken immediate steps to assist customers affected by Hurricane Irma. As it does when there is a FEMA-designated emergency, Santander US has activated assistance programs to help affected customers living in disaster zip codes identified by FEMA. The Company has also pledged a total...
Santander US Provides Update On Hurricane Harvey Relief Efforts
September 5, 2017 Santander US announced that the Company and its businesses have taken proactive steps to assist customers affected by Hurricane Harvey. Santander US has pledged a total of $100,000 to local charitable organizations assisting with disaster relief, including $75,000 to the Greater Houston Community Foundation Hurricane Harvey Relief Fund, and $25,000 to the American Red Cross....
Scott Powell Appointed President And Chief Executive Officer Of Santander Consumer USA Holdings Inc.
August 28, 2017 The Board of Directors of Santander Consumer USA Holdings Inc. (SC) today announced that Scott Powell will succeed Jason Kulas as President and Chief Executive Officer, effective immediately. Powell will continue to serve as CEO of Santander Holdings USA, Inc. (SHUSA) and as Santander Group’s United States Country Head. After more than a decade of...
Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on Capital Actions
July 31, 2020 Santander Holdings USA, Inc. (“SHUSA” or the “Company”) and its publicly held subsidiary, Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announced that SHUSA’s request for certain exceptions to the Federal Reserve Board’s (“FRB”) interim policy (the “Policy”) related to the Dodd-Frank Act Stress Test and Comprehensive Capital Analysis and Review (“CCAR”) has been approved....
Santander Consumer USA Holdings Inc. Reports Second Quarter 2020 Results
July 29, 2020 Loss of $97 Million; Approximately $8 Billion in Originations in the second quarter of 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the second quarter ended June 30, 2020 (“Q2 2020”) of $(97) million, or $(0.30) per diluted common share. The quarter included $400 million of...
Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on DFAST Results and Capital Actions
July 9, 2020 Today, Santander Holdings USA, Inc. (“SHUSA” or the “Company”) and its publicly held subsidiary, Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) commented on the results of the Federal Reserve’s 2020 Dodd-Frank Act Stress Test (“DFAST”) results and related Comprehensive Capital Analysis and Review (“CCAR”). Based on SHUSA’s 2020 DFAST results, the Company’s minimum capital...
Santander Consumer USA Provides Statement on Settlement with Attorneys General
May 19, 2020 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 automobile dealers dating back to 2010 violated consumer protection laws because of the high risk that certain borrowers would default:...
Santander Consumer USA Holdings Inc. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
May 18, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”, “we” or the “Company”) today announced that due to the public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and safety of its shareholders, employees and other stakeholders, the Company’s 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be a virtual...
Santander Consumer USA Holdings Inc. Announces Earnings Conference Call Update
April 28, 2020 Due to Our Conference Call Provider’s Network Outage, SC Has Rescheduled its Conference Call for April 29, 2020 at 8:00 a.m. Eastern Time Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) has rescheduled its earnings call due to a conference call provider network outage. Please see the call details below. Conference Call...
Santander Consumer USA Holdings Inc. Postpones Earnings Conference Call
April 28, 2020 Due to Vendor Network Outage Conference Call Will Be Delayed Santander Consumer USA Holdings Inc. (NYSE: SC) has postponed its earnings call due to a vendor outage. The conference call will be rescheduled with details to follow as soon as possible. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private...
Santander Consumer USA Holdings Inc. Reports First Quarter 2020 Results
April 28, 2020 Loss of $4 Million; Nearly $7 Billion in Originations in the First Quarter of 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the first quarter ended March 31, 2020 (“Q1 2020”) of $(4) million, or $(0.01) per diluted common share. The quarter included $442 million of...
Santander Consumer USA Holdings Inc. Announces 2020 Quarterly Earnings Release Date Modifications
April 6, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) has made modifications to its previously scheduled 2020 Earnings Release Dates. Please note that there has been a change to the Q1 and Q2 reporting dates. The results webcast will be held on the following dates and times: Q1...
Santander Consumer USA and Chrysler Capital respond to Coronavirus impact on customers and communities
March 23, 2020 Santander Consumer USA (“SC”) and Chrysler Capital today announced several initiatives to support customers and colleagues as the spread of Coronavirus (COVID-19) affects our communities. What we are doing for our customers: We are taking proactive steps to assist affected customers who are suffering financial hardship. Our Customer Assistance Team is providing additional customer support,...