Yesterday, auto lender Santander Consumer USA agreed to pay at least $9.35 million to resolve the accusation that it illegally repossessed over 1,100 vehicles from active military personnel. The company is a close partner of the ride-sharing giant Uber, which funnels drivers with low credit to Santander loan officers. Since the Civil War, military personnel have been afforded some degree of special protections from civil claims like bankruptcy, foreclosure, and divorce. In 1919, the SCRA was enacted to allow military personnel reprieve from debt collectors while fighting in the World War I. Today, companies like Santander are still required to verify the military status of loan holders against a federal database.
via Tech News Headlines - Yahoo News http://ift.tt/18pwAEh
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