June 13, 2012 Leading automotive site offers seamless way for shoppers to explore direct-to-consumer financing. [Dallas, TX and Atlanta June 13, 2012] – AutoTrader.com, the ultimate automotive marketplace, has named RoadLoans as its preferred direct lender. Shoppers who are interested in a direct lending option will now have a seamless way to access financing through RoadLoans from the...
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2012
2011
RoadLoans.com® mobile loan application for Android™ Smartphones
March 10, 2011 Consumers can apply for a loan directly from their mobile device; RoadLoans.com is now accessible on iPhone and Android™ devices [DALLAS, Texas – March 10, 2011] – Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has released its second free mobile application for consumers shopping for automobiles – this...
RoadLoans.com® Launches Redesigned Web Site
February 1, 2011 Streamlined site features more tools for car buyers, including instant loan approval [DALLAS, Texas – February 1, 2011] – Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has launched its next-generation Web site. Designed around the online car shopper, the site features an abundance of online tools to help...
RoadLoans® launches car-financing application for the iPhone
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...
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...
2021
Santander Consumer USA Names Bruce Jackson as Head of Santander Auto Finance
February 9, 2021 Industry veteran will lead core auto finance channel, alongside Shawn Allgood, who will continue to lead Chrysler Capital Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), has named Bruce Jackson as Head of Santander Auto Finance, effective April 28, 2021. Mr. Jackson will join the SC leadership team and report directly to Mahesh Aditya, President...
Santander Holdings USA, Inc. and Santander Consumer USA Inc. Confirm Termination of Written Agreement with Federal Reserve Bank of Boston
February 4, 2021 Santander Holdings USA, Inc. (“SHUSA”) and Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), today confirmed that the Board of Governors of the Federal Reserve System has authorized the Federal Reserve Bank of Boston to terminate its Written Agreement dated March 21, 2017, with SHUSA and SC’s wholly-owned subsidiary, Santander Consumer USA Inc. Since 2015,...
Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2020 Results
February 3, 2021 Net Income of $911 million and Nearly $31 billion in Originations in 2020 Provided Loan Deferrals to ~700,000 Unique Customer Accounts in 2020 Due to COVID-19 Returned Nearly $1 billion in Capital to Shareholders in 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the fourth quarter...
Santander Consumer USA Holdings Inc. Announces Fourth-Quarter and Full-Year 2020 Earnings Release Date
January 20, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces the release date of its fourth quarter and full year 2020 financial results for Wednesday, February 3, 2021, at 9:00 a.m. Eastern Time. Conference Call Information SC will host a conference call and webcast to discuss its fourth quarter and full year results and other general...
2020
Santander Consumer USA Names RL Prasad as Chief Risk Officer and Joshua Baer as Head of Pricing and Strategy
December 2, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” and “the Company”), has named Ramamurthy Lakshmana “RL” Prasad as Chief Risk Officer, succeeding Joshua Baer, who will serve as Head of Pricing and Strategy. The appointments are effective Jan. 1, 2021. Both Mr. Prasad and Mr. Baer will continue to serve on the SC leadership team...
Santander Consumer USA Holdings Inc. Reports Third Quarter 2020 Results
October 28, 2020 Net Income of $490 Million; More Than $8 Billion in Originations in the Third Quarter of 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the third quarter ended September 30, 2020 (“Q3 2020”) of $490 million, or $1.58 per diluted common share. The quarter included $46...
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:...