Violation Tracker Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded (ticker symbol BAC)
Headquartered in: 
North Carolina
Industry: 
banking
Penalty total since 2010: 
$56,707,083,145
Number of records: 
46
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$27,961,600,0004
toxic securities abuses$23,170,800,0007
banking violation$3,943,183,0088
consumer protection violation$855,000,0002
investor protection violation$585,000,0004
price-fixing or anti-competitive practices$137,300,0001
securities issuance or trading violation$31,900,0005
economic sanction violation$16,562,7001
employment discrimination$3,321,5934
financial institution supervision failures$1,200,0001
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty dollar total above may be adjusted to account for the fact that the list of entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. Duplicate penalty amounts are marked with an asterisk in the list below.

Associated Names: 

BAC HOME LOANS SERVICING LP FKA COUNTRYWIDE HOME LOANS SERVICING LP; BANK OF AMERICA; COUNTRYWIDE; COUNTRYWIDE HOME LOANS AND BAC HOME LOANS SERVICING LP; MERRILL LYNCH

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

For more on the links between this company's federal political spending and its positions on proposed legislation, see its Maplight page.


Individual Penalty Records:

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Company Primary Offense Type Year Agency Penalty Amountsort icon
Bank of America Corporation mortgage abuses 2014 DOJ_CIVIL $16,650,000,000
Bank of America Corporation mortgage abuses 2012 DOJ_CIVIL $10,956,600,000
Bank of America toxic securities abuses 2013 FHFA $10,350,000,000
Bank of America Corporation toxic securities abuses 2014 FHFA $9,300,000,000
Bank of America banking violation 2013 OCC $2,886,578,478
Bank of America toxic securities abuses 2011 FHFA $1,520,000,000
Bank of America toxic securities abuses 2011 FHFA $1,300,000,000
Bank of America, N.A. consumer protection violation 2014 CFPB $747,000,000
Merrill Lynch investor protection violation 2016 SEC $415,000,000
Bank of America toxic securities abuses 2013 FHFA $404,000,000
Bank of America N.A. banking violation 2012 DOJ_RIGHTS $370,000,000
Countrywide Financial Corporation mortgage abuses 2011 DOJ_RIGHTS $335,000,000
Bank of America, National Association banking violation 2014 OCC $250,000,000
BANK OF AMERICA CORPORATION banking violation 2015 FED $205,000,000
Bank of America Corporation banking violation 2012 FED $175,500,000
Bank of America toxic securities abuses 2013 NCUA $165,000,000
Bank of America investor protection violation 2010 SEC $150,000,000
Bank of America price-fixing or anti-competitive practices 2010 DOJ_ANTITRUST $137,300,000
Merrill Lynch toxic securities abuses 2013 SEC $131,800,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LP consumer protection violation 2010 FTC $108,000,000
Bank of America, National Association banking violation 2015 OCC $30,000,000
Bank of America, National Association banking violation 2014 OCC $25,000,000
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LP mortgage abuses 2011 DOJ_CIVIL $20,000,000
Bank of America N.A. economic sanction violation 2014 OFAC $16,562,700
Merrill Lynch securities issuance or trading violation 2016 SEC $12,500,000
Merrill Lynch securities issuance or trading violation 2015 SEC $10,900,000
Merrill Lynch investor protection violation 2016 SEC $10,000,000
Merrill Lynch investor protection violation 2011 SEC $10,000,000
Bank of America Corporation securities issuance or trading violation 2014 SEC $7,650,000
Bank of America Corp employment discrimination 2013 OFCCP $2,181,593
Merrill Lynch financial institution supervision failures 2014 CFTC $1,200,000
Bank of America, National Association banking violation 2015 OCC $1,104,530
Bank of America employment discrimination 2017 OFCCP $1,000,000
Bank of America Corp. workplace whistleblower retaliation 2011 OSHA $930,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2015 SEC $500,000
Merrill Lynch securities issuance or trading violation 2011 CFTC $350,000
Bank of America discriminatory practices 2012 HUD $161,180
Bank of America employment discrimination 2014 EEOC $110,000
Bank of America discriminatory practices 2013 HUD $45,000
Bank of America employment discrimination 2016 EEOC $30,000
Bank of America discriminatory practices 2013 HUD $22,449
Bank of America, N.A. wage and hour violation 2010 WHD $18,654
Bank of America, National Association labor relations violation 2013 NLRB $18,634
Bank of America discriminatory practices 2013 HUD $7,500
BANK OF AMERICA workplace safety or health violation 2011 OSHA $6,600
Bank of America, NA wage and hour violation 2010 WHD $5,827
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