Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumersQuicklink submitted By Amanda Lang Permalink
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|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...