‘Aggressive push’: What Portland Trail Blazers’ new owner did at company Oregon accused of predatory lending
By Tony Schick
Published on March 25, 2026.
Oregon Gov. Tina Kotek is set to gift the Portland Trail Blazers a significant sum of taxpayer dollars to overhaul the team's arena in an effort to prevent the incoming owner, billionaire Tom Dundon, from moving the NBA franchise to a new city. Documents reveal Dundon's role at Santander Consumer USA, where he built his wealth, was behind an "aggressive push" to waive requirements that car dealers prove borrowers' incomes to afford loans, which the company would then charge more for these loans even if they failed to keep up with payments. The documents were obtained by Oregon Public Broadcasting and ProPublica. Oregon Attorney General Dan Rayfield is currently working with other state attorneys general in a continuing investigation into another auto loan company, Exeter Finance.
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