GAP insurance News

GM Financial to Pay Massachusetts $1.8M Over Alleged Delays in GAP Insurance Refunds

GM Financial, an automobile financing company, has agreed to pay more than $1.8 million to resolve allegations that the company’s business practices violated Massachusetts state consumer protection laws. Attorney General Maura Healey’s office alleged that Americredit Financial Services, Inc., d/b/a …

Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims

Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, …

Yet Another Auto Insurance Issue for Wells Fargo: Reports

Wells Fargo & Co.’s U.S. regulators are looking into another issue involving insurance linked to auto loans as scrutiny of a key lending unit widens, according to people with knowledge of the matter. The Office of the Comptroller of the …