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Executives from a bank charged with “Predatory Lending” moved to a new lender. Regulators did little to stop them.

www.propublica.org Executives From a Bank Charged With “Predatory Lending” Moved to a New Lender. Regulators Did Little to Stop Them.

A dozen states that pursued Santander Consumer USA for its high-interest loans have failed to address scores of complaints alleging nearly identical behavior at Exeter Finance. The same team of executives ran both companies, ProPublica has learned.

Executives From a Bank Charged With “Predatory Lending” Moved to a New Lender. Regulators Did Little to Stop Them.
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