Santander Ends Oversight Featured

By Staff Writer September 06, 2018

Santander Bank N.A. confirmed that the Office of the Comptroller of the Currency has terminated a consent order dating back to 2015 related to SBNA's billing practices with regard to a legacy identity theft protection product known as "Sovereign Identity Protector." 


This consent order termination is the latest in a series of regulatory milestones that Santander US has achieved over the past year, including most recently the termination of Santander Holdings USA, Inc.’s 2015 Written Agreement with the Federal Reserve. SBNA also earned an upgraded Community Reinvestment Act rating in April, and SHUSA passed the Federal Reserve's Horizontal Capital Review (HCR) for a second consecutive year in June.  

Last modified on Thursday, 06 September 2018 13:42

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