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Subprime Auto King Santander Reaches $11.8 Million Settlement Over Misleading Loans 

The settlement was announced on Tuesday. Photo: Mark Lennihan (AP) Facing accusations by the feds that it misled customers on their auto loans and insurance products, subprime auto lender Santander Consumer USA agreed to pay $11.8 million to settle the claims, a U.S. watchdog agency announced on Tuesday. The Car Loans That Never Die Richard …