Violation Tracker Parent Company Summary

Parent Company Name: 
Banco Santander
Ownership Structure: 
publicly traded (ticker symbol SAN)
Headquartered in: 
Spain
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$90,354,614
Number of records: 
15
Top 10 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$53,665,0007
banking violation$25,486,1803
Servicemembers Civil Relief Act$9,350,0001
investor protection violation$1,770,5392
wage and hour violation$62,8951
economic sanction violation$20,0001
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

SANTANDER BANK AND TRUST BAHAMAS; SANTANDER BANK NATIONAL ASSOCIATION; Santander Bank, N.A.; Santander Consumer USA Holdings Inc.; Santander Consumer USA Inc.; Santander Mortage Corporation; Santander Securities LLC; Santander USA Holdings Inc.; SOVEREIGN BANK NA

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
Santander Consumer USA Holdings Inc. consumer protection violation 2017 MA-AG $22,000,000
Sovereign Bank N.A. banking violation 2013 OCC $16,086,180
Santander Consumer USA Inc. consumer protection violation 2018 CFPB $11,790,000
Santander Bank, N.A. consumer protection violation 2016 CFPB $10,000,000
Santander Consumer USA Inc. Servicemembers Civil Relief Act 2015 DOJ_RIGHTS $9,350,000
Santander Bank, National Association banking violation 2015 OCC $6,000,000
Santander USA Holdings Inc. consumer protection violation 2015 MA-AG $5,400,000
Santander Consumer USA Holdings, Inc. consumer protection violation 2017 DE-AG $3,875,000
Santander Bank, National Association banking violation 2016 OCC $3,400,000
Santander Consumer USA Holdings Inc. investor protection violation 2018 SEC $1,500,000
Santander Bank, N.A. consumer protection violation 2015 NY-AG $500,000
Santander Securities LLC investor protection violation 2019 SEC $270,539
Santander Securities LLC consumer protection violation 2019 MA-AG $100,000
Santander Mortage Corporation wage and hour violation 2004 WHD $62,895
Santander Bank & Trust (Bahamas) Ltd economic sanction violation 2004 OFAC $20,000
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