Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
No comments

Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumers

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; , Add Tags

View Ratings | Rate It


Become a Fan
  (9 fans)


At redtape.msnbc.msn.com


Banco Santander moving into US markets
(image by UPO - Universidad Pablo de Olavide for Flickr)

The accusations are as outrageous as they are plentiful: Hundreds of 'robocalls' -- in one case, 800 to a single person -- to collect auto loan debts; illegal repossession of cars from active duty military deployed overseas; late fees assessed three years after the fact and then compounded into $2,000 or $3,000 bills; harassing calls to friends, neighbors, co-workers -- even children -- on cell phones. And now, a flurry of lawsuits filed around the country, and lawyers fighting over potential clients. The defendant in the lawsuits is Europe's largest bank, Banco Santander S.A., which is preparing to make a big push into U.S. retail banking. But many Americans already have been introduced to the Spanish financial powerhouse, a first encounter that many liken to a nightmare. Santander's most visible presence in the U.S. market is the result of a buying spree begun in 2009...

Read the rest of the story HERE:

At redtape.msnbc.msn.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments