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Violation Tracker UK Individual Case

Company: Alliance and Leicester Personal Finance Limited
Current Parent CompanyBanco Santander
Parent at the Time of the Penalty Announcement: Banco Santander
Penalty: £0
Year: 2010
Date: 22 November, 2010
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: The OFT imposed requirements on Alliance and Leicester Personal Finance Limited, American Express Services Europe Limited, HFC Bank Limited (part of the HSBC Group) and Welcome Financial Services Limited (part of Cattles plc) to address concerns the banks were using charging orders (a court order that secures the debtor's property for payment of a debt) in a fashion that was unfair, in breach of the Consumer Credit Act.
Action Type: agency action
Agency: Office of Fair Trading
HQ Country of Parent: Spain
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)