EU EURO COUNTRIES: Red Tape - Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumers

Saturday, December 10, 2011

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

Red Tape - Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumers:

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RAYLOKEDecember 10, 2011 at 8:30 AM
By Bob Sullivan
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.
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