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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Bank of America
Ownership Structure: publicly traded (ticker symbol NYSE: BAC)
Headquartered in: North Carolina
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000$87,232,669,824
Number of records: 317
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,231,859,04276
financial offenses$41,300,842,096153
employment-related offenses$884,542,36257
competition-related offenses$777,780,58520
government-contracting-related offenses$35,600,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,950,771,70619
toxic securities abuses$23,208,942,85711
investor protection violation$13,769,013,962116
consumer protection violation$4,236,482,30241
banking violation$4,179,637,53214
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 totals are adjusted to account for the fact that the individual 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. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

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

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon .
Bank of America Corporationmortgage abuses2014DOJ$16,650,000,000
Bank of America Corporationmortgage abuses2012DOJ$10,956,600,000
Bank of Americatoxic securities abuses2013FHFA$10,350,000,000
Bank of America Corporationtoxic securities abuses2014FHFA$9,300,000,000
Countrywide Home Loansmortgage abuses2008MULTI-AG$8,680,000,000
Banc of America Securities LLCinvestor protection violation2008MULTI-AG$4,550,000,000
Merrill Lynch & Co.investor protection violation2008MULTI-AG$3,458,333,333
Countrywide Financial Corporationmortgage abuses2010MULTI-AG$3,004,100,000
Bank of Americabanking violation2013OCC$2,886,578,478
Bank of Americainvestor protection violation2012MULTI-AG$2,430,000,000
Bank of Americamortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $2,382,415,075
Bank of Americatoxic securities abuses2011FHFA$1,520,000,000
Bank of Americatoxic securities abuses2011FHFA$1,300,000,000
Bank of America N.A.consumer protection violation2018private lawsuit-federal$1,266,600,000
Bank of America Corporationmortgage abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $943,000,000
Bank of America, N.A.consumer protection violation2014CFPB$747,000,000
Bank of Americainvestor protection violation2013MULTI-AG$500,000,000
Countrywide Financial Corporationconsumer protection violation2013private lawsuit-federal$500,000,000
Merrill Lynchinvestor protection violation2009OH-AG$475,000,000
Merrill Lynchinvestor protection violation2016SEC$415,000,000
Bank of America N.A.consumer protection violation2011private lawsuit-federal$410,000,000
Bank of Americatoxic securities abuses2013FHFA$404,000,000
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLCinvestor protection violation2005SEC$375,000,000
Banc of America Capital Management LLC et al.investor protection violation2004NY-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $375,000,000
Bank of America N.A.banking violation2012DOJ_RIGHTS$370,000,000
Countrywide Financial Corporationmortgage abuses2011DOJ_RIGHTS$335,000,000
FleetBoston Financial Corp.investor protection violation2004NY-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $300,000,000
Bank of America et al.consumer protection violation2020private lawsuit-federal$252,500,000
Bank of America, National Associationbanking violation2014OCC$250,000,000
Bank of America N.A.consumer protection violation2014private lawsuit-federal$228,000,000
BANK OF AMERICA CORPORATIONbanking violation2015FED$205,000,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2003SEC$200,000,000
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$187,500,000
Bank of America Corporationbanking violation2012FED$175,500,000
Bank of Americatoxic securities abuses2013NCUA$165,000,000
Merrill Lynchemployment discrimination2013private lawsuit-federal$160,000,000
Bank of AmericaCorp.price-fixing or anti-competitive practices2016private lawsuit-federal$155,333,333
Bank of Americainvestor protection violation2010SEC$150,000,000
Countrywide Financial Corporationmortgage abuses2009PA-AG$150,000,000
FleetBoston Financial Corporationinvestor protection violation2004SEC$140,000,000
Bank of Americaprice-fixing or anti-competitive practices2010DOJ_ANTITRUST$137,300,000
Merrill Lynchtoxic securities abuses2013SEC$131,800,000
Merrill Lynchinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $125,000,000
Bank of America NAbanking violation2022OCC$125,000,000
BofA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2022SEC$125,000,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LPconsumer protection violation2010FTC$108,000,000
Merrill Lynchinvestor protection violation2002NY-AG$100,000,000
Merrill Lynch & Co. Inc.investor protection violation2002MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $100,000,000
Bank of Americabanking violation2022CFPB$100,000,000
Bank of Americainvestor protection violation2022CFTC$100,000,000
Bank of America N.A.consumer protection violation2013private lawsuit-federal$100,000,000
Bank of Americaconsumer protection violation2023CFPB$90,000,000
Countrywide Financial Corp.mortgage abuses2008HI-DCCA$84,548,000
FleetBoston Financial Corpbenefit plan administrator violation2008private lawsuit-federal$83,401,000
Merrill Lynch & Co. Inc.accounting fraud or deficiencies2003SEC$80,000,000
Merrill Lynch & Co., Inc.benefit plan administrator violation2009private lawsuit-federal$75,000,000
Bank of America N.A.consumer protection violation2022private lawsuit-federal$75,000,000
Bank of Americawage and hour violation2013private lawsuit-federal$73,000,000
Bank of Americaprice-fixing or anti-competitive practices2010MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $67,000,000
Bank of America N.A.consumer protection violation2023OCC$60,000,000
Countrywide Financial Corporationbenefit plan administrator violation2009private lawsuit-federal$55,000,000
Bank of Americainvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$50,000,000
Merrill Lynch & Co.investor protection violation2013NJ-AG$45,000,000
Merrill Lynchwage and hour violation2010private lawsuit-federal$43,500,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$42,000,000
Bank of America Merrill Lynchinvestor protection violation2018NY-AG$42,000,000
Bank of America N.A.consumer protection violation2018private lawsuit-federal$41,920,374
Countrywide Financial Corporationmortgage abuses2009WI-AG$41,100,000
Merrill Lynchemployment discrimination2013private lawsuit-federal$38,225,000
Merrill Lynchwage and hour violation2006private lawsuit-federal$37,000,000
Banc of America Securities LLCprice-fixing or anti-competitive practices2010SEC$36,096,442
Bank of Americawage and hour violation2016private lawsuit-federal$36,000,000
Bank of AmericaFalse Claims Act and related2001AK-AG$35,600,000
Bank of America N.A.consumer protection violation2020private lawsuit-federal$35,000,000
Bank of America N.A.consumer protection violation2015private lawsuit-federal$34,500,000
Countrywide Financial Corporationconsumer protection violation2011private lawsuit-federal$34,000,000
Bank of America Corporationinvestor protection violation2009SEC$33,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$32,400,000
Bank of America Corporationprivacy violation2014private lawsuit-federal$32,083,905
Bank of America N.A.consumer protection violation2014private lawsuit-federal$31,000,000
Bank of America, National Associationbanking violation2015OCC$30,000,000
Countrywide Financialwage and hour violation2005private lawsuit-state$30,000,000
Bank of America, N.A.price-fixing or anti-competitive practices2018CFTC$30,000,000
Bank of America N.A.consumer protection violation2017private lawsuit-federal$29,000,000
Bank of America, N.A.consumer protection violation2016private lawsuit-federal$27,500,000
Merrill Lynchinvestor protection violation2010MULTI-FIN$26,563,094
Bank of Americaprice-fixing or anti-competitive practices2022private lawsuit-federal$26,420,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020NH-BSR$26,250,000
Banc of America Securities LLCfraud2007SEC$26,000,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2012IL-SEC$25,930,000
Bank of America, National Associationbanking violation2014OCC$25,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedbenefit plan administrator violation2017private lawsuit-federal$25,000,000
Merrill Lynch Commodities Inc.price-fixing or anti-competitive practices2019DOJ_CRIMINAL$25,000,000
Merrill Lynch Commodities, Inc.investor protection violation2019CFTC(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $24,900,000
Bank of Americawage and hour violation2001private lawsuit-state$22,000,000
Bank of America, N.A.consumer protection violation2019private lawsuit-federal$22,000,000
Merrill Lynchwage and hour violation2013private lawsuit-federal$21,000,000
Bank of America Corpbenefit plan administrator violation2011private lawsuit-federal$21,000,000
Merrill Lynch Pierce Fenner & Smith Inc.price-fixing or anti-competitive practices2020private lawsuit-federal$20,833,333
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LPmortgage abuses2011DOJ_CIVIL$20,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.