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:
$654,187,176
Number of records:
25
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| consumer-protection-related offenses | $618,345,000 | 14 |
| financial offenses | $35,779,281 | 10 |
| employment-related offenses | $62,895 | 1 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| consumer protection violation | $608,995,000 | 13 |
| banking violation | $25,486,180 | 3 |
| investor protection violation | $10,273,101 | 6 |
| Servicemembers Civil Relief Act | $9,350,000 | 1 |
| wage and hour violation | $62,895 | 1 |
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 or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.
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.
| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| Santander Consumer USA Inc. | consumer protection violation | 2020 | MULTI-AG | $550,000,000 |
| 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 Securities LLC | investor protection violation | 2015 | FINRA | $6,421,000 |
| 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 Inc. | consumer protection violation | 2020 | CFPB | $4,750,000 |
| 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 Securities of Puerto Rico | investor protection violation | 2011 | FINRA | $2,000,000 |
| 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 Consumer USA, Inc. | consumer protection violation | 2018 | CA-DFPI | $300,000 |
| Santander Securities LLC | investor protection violation | 2019 | SEC | $270,539 |
| Santander Consumer USA Inc. | consumer protection violation | 2020 | VT-AG | $105,000 |
| Santander Securities LLC | consumer protection violation | 2019 | MA-AG | $100,000 |
| Santander Consumer USA Inc. | consumer protection violation | 2018 | CT-BKG | $100,000 |
| Santander Consumer USA Inc. | consumer protection violation | 2015 | NH-BKG | $75,000 |
| Santander Mortage Corporation | wage and hour violation | 2004 | WHD | $62,895 |
| Santander Securities, LLC | investor protection violation | 2019 | NH-BSR | $50,000 |
| Santander Securities, LLC | investor protection violation | 2018 | NH-BSR | $31,562 |
| Santander Bank & Trust (Bahamas) Ltd | economic sanction violation | 2004 | OFAC | $20,000 |
