Violation Tracker Individual Record

Company: 
Santander USA Holdings Inc.
Current Parent Company: 
Banco Santander
Penalty: 
$5,400,000
Year: 
2015
Date: 
November 5, 2015
Primary Offense: 
consumer protection violation
Violation Description: 

Santander agreed to provide $5.4 million in debt relief in settlement of allegations it charged excessive interest rates on subprime auto loans.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
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.