Santander Consumer USA faces potential class action over salvage vehicles

A proposed class action in Florida alleges that Santander Consumer USA routinely causes customers to overpay for used cars it once owned by systematically hiding their status as salvage vehicles. The suit claims that the bank's auto-financing unit takes possession of the title on cars reported by insurance companies as a total loss, and puts them up for auction without getting a salvage certificate, which is required by law.

By Stan Parker (January 19, 2016, 6:28 PM EST) -- Santander Consumer USA Inc routinely causes consumers to overpay for used cars it once owned by hiding their status as salvage vehicles, a proposed class alleged Friday in Florida federal court....

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