Federal Reserve Board issues enforcement action with Santander Holdings USA, Inc., and announces termination of enforcement action with HCSB Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on March 23, 2017. It is reproduced in full below.

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 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System