Violation Tracker Individual Record

Company: 
Santander Consumer USA, Inc.
Current Parent Company: 
Banco Santander
Penalty: 
$3,065,000
Year: 
2021
Date: 
September 10, 2021
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Santander Consumer USA, Inc., a large subprime auto financing company, resolved allegations of predatory lending by agreeing to provide $3.065 million in debt relief for 340 Colorado consumers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Colorado Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Colorado
HQ Country of Parent: 
Spain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.