Violation Tracker Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded (ticker symbol BAC)
Headquartered in: 
North Carolina
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$58,058,740,079
Number of records: 
108
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$27,961,600,0004
toxic securities abuses$23,170,800,0007
banking violation$3,949,637,53211
investor protection violation$859,417,63413
consumer protection violation$855,000,0002
securities issuance or trading violation$597,400,00011
wage and hour violation$381,499,08934
price-fixing or anti-competitive practices$137,300,0001
accounting fraud or deficiencies$80,000,0001
fraud$26,000,0001
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; BANC OF AMERICA; BANC OF AMERICA CAPITAL MGT BACAP DISTRIBUTORS AND BANC OF AMERICA SECURITIES; BANC OF AMERICA INVESTMENT SVC; BANK OF AMERICA; COUNTRYWIDE; COUNTRYWIDE HOME LOANS AND BAC HOME LOANS SERVICING LP; FLEETBOSTON FINANCIAL; LASALLE BANK MIDWEST NATIONAL ASSOCIATION; LASALLE BANK NATIONAL ASSOCIATION; MERRILL LYNCH; MERRILL LYNCH INVESTMENT MANAGERS AND MERRILL LYNCH ALTERNATIVE INVESTMENTS; ROBERTSON STEPHENS

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.


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
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLC securities issuance or trading violation 2005 SEC $375,000,000
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
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2003 SEC $200,000,000
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
FleetBoston Financial Corporation securities issuance or trading violation 2004 SEC $140,000,000
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
Merrill Lynch & Co. Inc. accounting fraud or deficiencies 2003 SEC $80,000,000
Bank of America wage and hour violation 2013 private lawsuit-federal $73,000,000
Merrill Lynch wage and hour violation 2010 private lawsuit-federal $43,500,000
Merrill Lynch wage and hour violation 2006 private lawsuit-federal $37,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $36,000,000
Bank of America Corporation investor protection violation 2009 SEC $33,000,000
Robertson Stephens Inc. securities issuance or trading violation 2003 SEC $33,000,000
Bank of America, National Association banking violation 2015 OCC $30,000,000
Countrywide Financial wage and hour violation 2005 private lawsuit-state $30,000,000
Banc of America Securities LLC fraud 2007 SEC $26,000,000
Bank of America, National Association banking violation 2014 OCC $25,000,000
Bank of America wage and hour violation 2001 private lawsuit-state $22,000,000
Merrill Lynch wage and hour violation 2013 private lawsuit-federal $21,000,000
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LP mortgage abuses 2011 DOJ_CIVIL $20,000,000
Bank of America Corporation investor protection violation 2014 SEC $20,000,000
Bank of America wage and hour violation 2010 private lawsuit-state $16,650,000
Bank of America N.A. economic sanction violation 2014 OFAC $16,562,700
Merrill Lynch wage and hour violation 2016 private lawsuit-federal $14,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated anti-money-laundering deficiencies 2017 SEC $13,000,000
Merrill Lynch securities issuance or trading violation 2016 SEC $12,500,000
Merrill Lynch wage and hour violation 2013 private lawsuit-federal $12,000,000
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
Banc of America Securities LLC securities issuance or trading violation 2004 SEC $10,000,000
Banc of America Investment Services, Inc. investor protection violation 2008 SEC $9,763,634
Countrywide Home Loans Inc. wage and hour violation 2015 private lawsuit-federal $9,649,000
Bank of America wage and hour violation 2015 private lawsuit-federal $9,000,000
Bank of America wage and hour violation 2006 private lawsuit-federal $9,000,000
Bank of America Corporation securities issuance or trading violation 2014 SEC $7,650,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 SEC $7,000,000
Bank of America wage and hour violation 2017 private lawsuit-federal $7,000,000
Merrill Lynch wage and hour violation 2014 private lawsuit-federal $6,900,000
Bank of America wage and hour violation 2017 private lawsuit-federal $6,600,000
Lasalle Bank MidWest National Association banking violation 2005 OCC $6,250,000
Bank of America wage and hour violation 2017 private lawsuit-federal $6,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2000 SEC $5,000,000
Bank of America wage and hour violation 2003 private lawsuit-state $4,100,000
Bank of America wage and hour violation 2016 private lawsuit-state $4,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $3,250,000
Merrill Lynch wage and hour violation 2016 private lawsuit-state $2,645,000
Merrill Lynch financial institution supervision failures 2017 CFTC $2,500,000
Bank of America securities issuance or trading violation 2017 USAO $2,500,000
Bank of America wage and hour violation 2007 private lawsuit-state $2,500,000
Bank of America wage and hour violation 2016 private lawsuit-federal $2,250,000
Bank of America Corp employment discrimination 2013 OFCCP $2,181,593
Bank of America wage and hour violation 2017 private lawsuit-federal $1,900,000
Merrill Lynch employment discrimination 2008 EEOC $1,550,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2006 SEC $1,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc investor protection violation 2018 SEC $1,404,000
Merrill Lynch financial institution supervision failures 2014 CFTC $1,200,000
Bank of America, National Association banking violation 2015 OCC $1,104,530
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2009 SEC $1,000,000
Bank of America employment discrimination 2017 OFCCP $1,000,000
Bank of America Corp. workplace whistleblower retaliation 2011 OSHA $930,000
Banc of America Securities LLC investor protection violation 2006 SEC $750,000
Bank of America wage and hour violation 2010 private lawsuit-federal $661,392
Merrill Lynch & Co., Inc. wage and hour violation 2008 WHD $516,924
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2015 SEC $500,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC data submission deficiencies 2007 CFTC $500,000
Merrill Lynch securities issuance or trading violation 2011 CFTC $350,000
Bank of America Corporation wage and hour violation 2006 WHD $265,774
Bank of America discriminatory practices 2012 HUD $161,180
Bank of America economic sanction violation 2003 OFAC $158,038
Lasalle Bank MidWest National Association banking violation 2007 OCC $125,000
Bank of America employment discrimination 2014 EEOC $110,000
Lasalle Bank National Association banking violation 2007 OCC $79,524
Countrywide Financial Corporation wage and hour violation 2004 WHD $54,453
Bank of America discriminatory practices 2013 HUD $45,000
Bank of America export control violation 2017 BIS $44,625
Bank of America employment discrimination 2016 EEOC $30,000
Merrill Lynch, Pierce, Fenner & Smith, Inc economic sanction violation 2004 OFAC $22,904
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 Family and Medical Leave Act 2017 WHD $14,528
Bank of America economic sanction violation 2004 OFAC $13,573
Bank of America wage and hour violation 2005 WHD $12,824
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