Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Santander Consumer USA Holdings Inc.
Current Parent Company: Banco Santander
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $22,000,000
Year: 2017
Date: March 29, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Santander agreed to pay $22 million in settlement of allegations it facilitated unfair high rate auto loans, with knowledge that many of the loans would default.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: Spain
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.