March 23, 2017
Federal Reserve Board issues enforcement action with Santander Holdings USA, Inc., and announces termination of enforcement action with HCSB Financial Corporation
For release at 11:00 a.m. EDT
The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:
Santander Holdings USA, Inc., Boston, Massachusetts and Santander Consumer USA, Inc., Dallas, Texas
Written Agreement dated March 21, 2017
The Federal Reserve Board also announced the termination of the enforcement action listed below:
HCSB Financial Corporation, Loris, South Carolina
Written Agreement issued May 9, 2011
Terminated March 21, 2017
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