Santander’s Loan Practices Trigger Complaints in Scandinavia

Banco Santander SA has been faulted by the financial regulator in Denmark for its handling of some consumer loans.

The reprimand, and an order to improve, follows two complaints against Santander Consumer Bank in Denmark relating to its treatment of car loans, the Financial Supervisory Authority in Copenhagen said on Monday. The regulator has given Santander three months to comply. Santander didn’t immediately comment on the FSA’s statement, when contacted by phone.