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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$87,294,650,890
Number of records: 329
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,259,859,04279
financial offenses$41,333,342,096156
employment-related offenses$887,723,42865
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$13,801,513,962119
consumer protection violation$4,264,482,30244
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, National Associationlabor relations violation2013NLRB$18,634
Fleet National Bankenvironmental violation2000RI-ENV$18,034
Bank Of Americawage and hour violation2010MI-LEO$15,406
Merrill Lynch & Pierce, Fenner & Smith Inc.investor protection violation2010AR-SEC$15,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013DC-DISB$15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2001FINRA$15,000
Bank of America, N.A.discriminatory practices (non-employment)2022HUD$15,000
Bank of AmericaFamily and Medical Leave Act2017WHD$14,528
Bank Of Americawage and hour violation2010MI-LEO$14,000
Bank of Americaeconomic sanction violation2004OFAC$13,573
Bank of Americawage and hour violation2005WHD$12,824
Bank Of America NAenvironmental violation2005TX-ENV$12,480
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016VA-SEC$11,500
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FL-OFR$10,000
Banc of America Investment Services, Inc.investor protection violation2008MD-SEC$10,000
BANK OF AMERICA CORPwage and hour violation2022IL-DOL$9,660
Bank of Americadiscriminatory practices (non-employment)2013HUD$7,500
Merrill Lynch, Pierce, Fenner & Smith, Inc.wage and hour violation2006WHD$7,060
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005WI-FIN$7,000
BANK OF AMERICAworkplace safety or health violation2011OSHA$6,600
Bank of AmericaFamily and Medical Leave Act2008WHD$6,500
Bank of Americawage and hour violation2008WHD$6,209
Bank of America Corporationwage and hour violation2004WHD$5,972
Bank of America, NAwage and hour violation2010WHD$5,827
COUNTRYWIDE FINANCIAL CORPORATION,wage and hour violation2008CA-LCO$5,164
Merrill Lynch Life Insurance Companyinsurance violation2000SC-INS$5,000
Countrywide Home Loansair pollution violation2000CA-SCAQMD$5,000
Bank Of Americawage and hour violation2011MI-LEO$5,000
BANK OF AMERICAworkplace safety or health violation2003OSHA$5,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.