Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Santander Bank, N.A.
Current Parent Company: Banco Santander
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2016
Date: July 14, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: The Consumer Financial Protection Bureau ordered Santander Bank, N.A. to pay a $10 million fine for illegal overdraft service practices. The agency said Santander's telemarketing vendor deceptively marketed the overdraft service and signed certain bank customers up for the service without their consent.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
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)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.