THE EVERETT ADVOCATE – FRIDAY, SEPTEMBER 10, 2021 Page 13 Fatal motorcycle crash on Route 16 in Medford O n August 27 at about 8 a.m., State Police responded due to a crash involving a motorcycle on Route 16 in Medford that resulted in the death of the operator. A preAG HEALEY | FROM PAGE 10 have known many borrowers would be unable to repay. The AG’s lawsuit noted that while the company profited from these loans, borrowers experienced credit harm, and, in some instances, lost their vehicles or down payments. The complaint also alleged that some CAC borrowers were subject to hidden finance charges, which resulted in violations of the state’s 21 percent usury cap and that CAC engaged in unlawful collection practices. The AG’s lawsuit also contained allegations that CAC failed to inform investors that it topped off securitization loan pools with higher-risk loans. The AG’s action against CAC is part of her Office’s ongoing industry-wide review of securitization practices in the subprime auto loan market. Healey has been a national liminary investigation indicated that Joel Jimenez-Aparicio, 23, of Chelsea, was driving a 2007 Yamaha YZF R1 motorcycle westbound on Route 16. He was traveling in the breakleader in holding subprime auto lenders accountable. In 2019, she reached a $5.5 million settlement with Exeter Finance for its alleged role in financing unfair subprime auto loans. Her office previously secured a similar settlement with Santander requiring the company to pay $22 million and provide more than $7 million in debt relief to Massachusetts borrowers. The AG’s Office also obtained $12.9 million under settlements with Westlake Financial Services, American Credit Acceptance, and Santander over allegations that the companies charged usurious interest rates on auto loans. Borrowers eligible for relief under today’s settlement will be contacted by the AG’s Office. Borrowers with questions about settlement eligibility should contact Healey’s Insurance and Financial Services Division at 617-963-2240. down lane and passing traffic in the travel lanes. At the same time, a tractor-trailer was making a legal right turn from the right lane into the parking lot of Meadow Glen Mall. Jimenez-Aparicio, who was traveling in the breakdown lane, was unable to stop and struck the cab of the tractor-trailer on the passenger side. Jimenez-Aparicio was taken to Massachusetts General Hospital, where he was pronounced dead. No further information was available at press time as the incident was still under investigation.
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