Chrysler Capital Exploits Low-Income Customers, Suit Says
By Aebra Coe (July 30, 2015, 12:41 PM EDT) -- The automotive finance arm of Santander Consumer USA Inc. was accused in a Wednesday putative class action of using local dealerships to skirt usury laws and exploit vulnerable, low-income consumers in New York by financing auto loans with abusively high interest rates.
Bronx resident Franklyn C. Garcia sued Chrysler Capital LLC in federal court seeking to represent a class of thousands of New York consumers that have allegedly been targeted by the company's "predatory conduct," which Garcia says includes using local dealerships and evasive wording to dodge usury laws and issue auto loans with annual interest rates above the state's maximum allowable...
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