January 10, 2011 Consumers can apply for a loan directly from their mobile device [DALLAS, Texas – Janurary 10, 2011] – Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has released its first free iPhone application for consumers shopping for automobiles. RoadLoans is a leading Internet auto lending program that allows consumers...
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2011
2010
Santander Consumer USA Agrees to Acquire Certain Auto LoanAssets from Citigroup
June 24, 2010 [DALLAS, Texas – June 24, 2010] – Santander Consumer USA (“Santander”), an affiliate of Banco Santander, has reached an agreement with Citi to purchase $3.2 billion of CitiFinancial Auto’s auto loan portfolio. In addition, Santander and Citi have entered into an agreement under which Santander will service a portfolio of approximately $7.2 billion of auto...
Santander Profile in Time Magazine
January 18, 2010 MADRID – In Santander City the functional is exalted and the fancy eschewed. The bank runs the same way, thanks to Botín’s commitment to banking’s stodgiest virtues: conservatism, patience and the sort of loans that don’t need to be sliced and diced into nonsensical instruments like those that caused the meltdown on Wall Street. Botín...
2009
DRN Provides Santander With Asset Recovery Technology
November 16, 2009 FORT WORTH, Texas —Digital Recognition Network (DRN), a provider of asset location technology and services, announced that Santander Consumer USA (SC USA) has selected DRN to provide license plate recognition (LPR) technology and services to aid in recovering targeted vehicle assets.
2008
Magnum Selected by Santander Consumer USA Inc. for Credit Data Retrieval and Processing Services
November 19, 2008 ATLANTA, GA – November 19, 2008 – MagnumTM, a leader in credit data access, analysis and decision applications, announced that Santander Consumer USA Inc. (SC) has selected Magnum’s Service Bureau for its loan scoring and decision management platform. Santander Consumer USA, a leader in automotive finance, was looking for ways to improve its scoring, decision...
Drive Financial Services Selects VINtek for Title Management Services
October 23, 2008 [PHILADELPHIA, Oct. 23, 2008] – VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced that Dallas-based Drive Financial Services, d/b/a Drive Financial, a nationwide lender with a $6.2 billion non-prime auto portfolio and relationships with approximately 12,000 dealers in all 50...
NPR – Spain’s Banco Santander Weathers Crisis
October 9, 2008 October 9, 2008 – Spain’s banks appear to be immune to the global financial crisis, and one in particular is even taking advantage of it and buying up banks in trouble. At Banco Santander in the Madrid suburb of Colmenar Viejo, a long line of customers includes senior citizens, a Moroccan immigrant applying for a...
Business Week – The Rise of Santander
October 1, 2008 October 1, 2008 -As financial institutions worldwide struggle to stay afloat, Banco Santander (STD) — now the euro zone’s largest bank by market value — is emerging as one of the few winners in the global economic crisis. With no exposure to toxic U.S. subprime assets, a diversified business spread across Europe and the Americas,...
Special Notice – Disaster Relief Response
September 25, 2008 DALLAS, TX – September 25, 2008 – Drive Financial Services (d/b/a Drive®) shares in the concern for our customers in Texas and Louisiana who have been impacted by Hurricane Ike. Currently, our service representatives are working with qualified customers on an individual basis to provide disaster relief accommodations in the form of payment deferments and...
Special Finance Insider – Drive Financial – More Important Than Ever in Today’s Economy
August 1, 2008 DALLAS, TX – August, 2008 -Tom Dundon, CEO of Drive Financial was quoted in December 2006 as having said, “We believe we are poised to become one of the leading companies in our industry.” It was a bold statement at a time when subprime finance companies in the automotive space were a dime a dozen....
2020
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,...