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Violation Tracker Individual Record

Company: Santander
Current Parent Company: Banco Santander
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,700,000
Year: 2021
Date: July 21, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Santander agreed to pay $3.7 million, including $1.8 million restitution, in settlement of allegations it violated the Mississippi Consumer Protection Act by exposing consumers to high levels of risk, placing these consumers into auto loans that had a high probability of default, and engaging in aggressive collection practices.
Level of Government: state
Action Type: agency action
Agency: Mississippi Attorney General
Civil or Criminal Case: civil
Facility State: Mississippi
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.