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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: $87,286,650,890
Number of records: 328
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,251,859,04278
financial offenses$41,332,842,096155
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$13,801,013,962118
consumer protection violation$4,256,482,30243
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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Company sort iconPrimary Offense TypeYearAgencyPenalty Amount
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LPmortgage abuses2011DOJ_CIVIL$20,000,000
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
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLCinvestor protection violation2005SEC$375,000,000
Banc of America Investment Servicesemployment discrimination2009private lawsuit-federal$7,200,000
Banc of America Investment Services Inc.anti-money-laundering deficiencies2007FINRA$3,000,000
Banc of America Investment Services Inc.investor protection violation2004FINRA$200,000
Banc of America Investment Services, Inc.investor protection violation2008SEC$9,763,634
Banc of America Investment Services, Inc.investor protection violation2009SEC$150,000
Banc of America Investment Services, Inc.investor protection violation2006IL-SEC$250,000
Banc of America Investment Services, Inc.investor protection violation2008MD-SEC$10,000
Banc of America Investment Services, Inc.investor protection violation2005FINRA$90,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLCinvestor protection violation2005SEC$1,500,000
Banc of America Securities LLCfraud2007SEC$26,000,000
Banc of America Securities LLCinvestor protection violation2006SEC$750,000
Banc of America Securities LLCinvestor protection violation2004SEC$10,000,000
Banc of America Securities LLCprice-fixing or anti-competitive practices2010SEC$36,096,442
Banc of America Securities LLCinvestor protection violation2008MULTI-AG$4,550,000,000
Banc of America Securities LLCinvestor protection violation2010NJ-AG$1,268,393
Banc of America Securities LLCinvestor protection violation2001FINRA$40,000
Bank of Americaprice-fixing or anti-competitive practices2010DOJ_ANTITRUST$137,300,000
Bank of Americabanking violation2013OCC$2,886,578,478
Bank of Americainvestor protection violation2010SEC$150,000,000
Bank of Americatoxic securities abuses2013FHFA$404,000,000
Bank of Americatoxic securities abuses2011FHFA$1,300,000,000
Bank of Americatoxic securities abuses2011FHFA$1,520,000,000
Bank of Americatoxic securities abuses2013FHFA$10,350,000,000
Bank of Americatoxic securities abuses2013NCUA$165,000,000
Bank of Americaeconomic sanction violation2004OFAC$13,573
Bank of Americaeconomic sanction violation2003OFAC$158,038
Bank of Americadiscriminatory practices (non-employment)2013HUD$45,000
Bank of Americadiscriminatory practices (non-employment)2013HUD$22,449
Bank of Americadiscriminatory practices (non-employment)2013HUD$7,500
Bank of Americadiscriminatory practices (non-employment)2012HUD$161,180
Bank of Americaemployment discrimination2014EEOC$110,000
Bank of Americaemployment discrimination2016EEOC$30,000
Bank of AmericaFamily and Medical Leave Act2008WHD$6,500
Bank of Americawage and hour violation2008WHD$6,209
Bank of Americawage and hour violation2005WHD$12,824
Bank of Americaemployment discrimination2017OFCCP$1,000,000
Bank of Americainvestor protection violation2017USAO$2,500,000
Bank of Americaexport control violation2017BIS$44,625
Bank of AmericaFamily and Medical Leave Act2017WHD$14,528
Bank of Americawage and hour violation2017private lawsuit-federal$6,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$7,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$1,900,000
Bank of Americawage and hour violation2017private lawsuit-federal$6,600,000
Bank of Americawage and hour violation2016private lawsuit-state$4,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$3,250,000
Bank of Americawage and hour violation2016private lawsuit-federal$36,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$2,250,000
Bank of Americawage and hour violation2015private lawsuit-federal$9,000,000
Bank of Americawage and hour violation2013private lawsuit-federal$73,000,000
Bank of Americawage and hour violation2010private lawsuit-state$16,650,000
Bank of Americawage and hour violation2010private lawsuit-federal$661,392
Bank of Americawage and hour violation2007private lawsuit-state$2,500,000
Bank of Americawage and hour violation2006private lawsuit-federal$9,000,000
Bank of Americawage and hour violation2003private lawsuit-state$4,100,000
Bank of Americawage and hour violation2001private lawsuit-state$22,000,000
Bank of Americainvestor protection violation2012MULTI-AG$2,430,000,000
Bank of Americainvestor protection violation2013MULTI-AG$500,000,000
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 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 AmericaFalse Claims Act and related2001AK-AG$35,600,000
Bank of Americaprivacy violation2009CT-AG$350,000
Bank of Americafraud2016DC-AG$13,000,000
Bank of Americafraud2010DC-AG$13,502,852
Bank of Americaconsumer protection violation2014HI-AG$2,825,000
Bank of Americamortgage abuses2015MA-AG$675,000
Bank of Americadiscriminatory practices (non-employment)2006MA-AG$50,000
Bank of Americaemployment discrimination2019OFCCP$4,200,000
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 Americaenvironmental violation2007CA-SCAQMD$46,000
Bank of Americaconsumer protection violation2022CFPB$10,000,000
Bank of Americabanking violation2022CFPB$100,000,000
Bank of Americainvestor protection violation2022CFTC$100,000,000
Bank of Americaprice-fixing or anti-competitive practices2022private lawsuit-federal$26,420,000
Bank of Americaconsumer protection violation2013private lawsuit-federal$20,000,000
Bank of Americaconsumer protection violation2023CFPB$90,000,000
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2011MI-LEO$5,000
Bank Of Americawage and hour violation2010MI-LEO$15,406
Bank Of Americawage and hour violation2010MI-LEO$14,000
Bank of Americaconsumer protection violation2023CFPB$12,000,000
Bank of Americawage and hour violation2024private lawsuit-federal$1,890,000
BANK OF AMERICAworkplace safety or health violation2003OSHA$5,000
BANK OF AMERICAworkplace safety or health violation2011OSHA$6,600
Bank of America Corpemployment discrimination2013OFCCP$2,181,593
Bank of America Corpbenefit plan administrator violation2011private lawsuit-federal$21,000,000
BANK OF AMERICA CORPwage and hour violation2022IL-DOL$9,660
Bank of America Corp.privacy violation2010MO-AG$195,000
Bank of America Corp.consumer protection violation2013WV-AG$1,950,000
Bank of America Corp.anti-money-laundering deficiencies2006NY-MANDA$7,500,000
Bank of America Corp.workplace whistleblower retaliation2011OSHA$930,000
BANK OF AMERICA CORPORATIONbanking violation2015FED$205,000,000
Bank of America Corporationbanking violation2012FED$175,500,000
Bank of America Corporationmortgage abuses2014DOJ$16,650,000,000
Bank of America Corporationmortgage abuses2012DOJ$10,956,600,000
Bank of America Corporationinvestor protection violation2014SEC$7,650,000
Bank of America Corporationtoxic securities abuses2014FHFA$9,300,000,000
Bank of America Corporationinvestor protection violation2009SEC$33,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.