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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: $3,875,000
Year: 2017
Date: March 29, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Santander Consumer USA Holdings, Inc. agreed to pay over $1 million to the Delaware Consumer Protection fund and $2.875 million in restitution in settlement of allegations it funded auto loans that it knew to be based on incorrect information and likely to default.
Level of Government: state
Action Type: agency action
Agency: Delaware Attorney General
Civil or Criminal Case: civil
Facility State: Delaware
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.