NEW: When Santander Consumer USA got in trouble with regulators, several execs moved to auto lender Exeter Finance, where they used the same playbook: making riskier loans more expensive and granting extensions when borrowers struggled.

Executives From a Bank Charged With “Predatory Lending” Moved to a New Lender. Regulators Did Little to Stop Them.

A dozen states that pursued Santander Consumer USA for its high-interest loans have failed to address scores of complaints alleging nearly identical behavior at Exeter Finance. The same team of execut...