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: 
$82,522,027,262
Number of records: 
175
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,866,223,70618
toxic securities abuses$23,204,300,00010
investor protection violation$12,564,214,96335
banking violation$3,949,637,53211
consumer protection violation$862,975,0005
securities issuance or trading violation$757,400,00013
wage and hour violation$381,499,08934
benefit plan administrator violation$283,071,8548
employment discrimination$210,296,5938
price-fixing or anti-competitive practices$198,396,4424
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 agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping 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 Management LLC et al.; BANC OF AMERICA CAPITAL MGT BACAP DISTRIBUTORS AND BANC OF AMERICA SECURITIES; Banc of America Investment Services, Inc., and Bacap Distributors, LLC; BANC OF AMERICA INVESTMENT SVC; BANK OF AMERICA; Bank of America Merrill Lynch; Countrywide Financial Corporation; Countrywide Home Loans; COUNTRYWIDE HOME LOANS AND BAC HOME LOANS SERVICING LP; Countrywide Securitie [...]

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:

Click on the company or penalty amount for more information on each case.
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Companysort icon Primary Offense Type Year Agency Penalty Amount
Countrywide Financial Corporation mortgage abuses 2009 PA-AG $150,000,000
Countrywide Financial Corporation mortgage abuses 2009 SD-AG $161,805
Countrywide Financial Corporation mortgage abuses 2009 WI-AG $41,100,000
Countrywide Financial Corporation mortgage abuses 2009 WV-AG $340,901
Countrywide Home Loans mortgage abuses 2008 MULTI-AG $8,680,000,000
Countrywide Home Loans mortgage abuses 2009 IN-AG $2,800,000
Countrywide Home Loans Inc. wage and hour violation 2015 private lawsuit-federal $9,649,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LP consumer protection violation 2010 FTC $108,000,000
Countrywide Home Loans, Inc., consumer protection violation 2006 NY-AG $3,200,000
Countrywide Securities Corp. mortgage abuses 2013 MA-AG $17,300,000
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc. toxic securities abuses 2016 VA-AG $19,500,000
FleetBoston Financial Corp benefit plan administrator violation 2008 private lawsuit-federal $83,401,000
FleetBoston Financial Corp. securities issuance or trading violation 2004 NY-AG (*) $300,000,000
FleetBoston Financial Corporation securities issuance or trading violation 2004 SEC $140,000,000
FleetBoston Financial Corporation privacy violation 2001 NY-AG $100,000
LaSalle Bank benefit plan administrator violation 2011 private lawsuit-federal $13,500,000
Lasalle Bank MidWest National Association banking violation 2007 OCC $125,000
Lasalle Bank MidWest National Association banking violation 2005 OCC $6,250,000
Lasalle Bank National Association banking violation 2007 OCC $79,524
Merrill Lynch securities issuance or trading violation 2015 SEC $10,900,000
Merrill Lynch toxic securities abuses 2013 SEC $131,800,000
Merrill Lynch financial institution supervision failures 2014 CFTC $1,200,000
Merrill Lynch securities issuance or trading violation 2011 CFTC $350,000
Merrill Lynch investor protection violation 2016 SEC $10,000,000
Merrill Lynch investor protection violation 2016 SEC $415,000,000
Merrill Lynch investor protection violation 2011 SEC $10,000,000
Merrill Lynch securities issuance or trading violation 2016 SEC $12,500,000
Merrill Lynch employment discrimination 2008 EEOC $1,550,000
Merrill Lynch financial institution supervision failures 2017 CFTC $2,500,000
Merrill Lynch wage and hour violation 2016 private lawsuit-state $2,645,000
Merrill Lynch wage and hour violation 2016 private lawsuit-federal $14,000,000
Merrill Lynch wage and hour violation 2014 private lawsuit-federal $6,900,000
Merrill Lynch wage and hour violation 2013 private lawsuit-federal $12,000,000
Merrill Lynch wage and hour violation 2013 private lawsuit-federal $21,000,000
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
Merrill Lynch employment discrimination 2013 private lawsuit-federal $38,225,000
Merrill Lynch employment discrimination 2013 private lawsuit-federal $160,000,000
Merrill Lynch benefit plan administrator violation 2012 private lawsuit-federal $10,000,000
Merrill Lynch investor protection violation 2009 DE-AG $459,000
Merrill Lynch investor protection violation 2002 DE-AG $500,000
Merrill Lynch toxic securities abuses 2009 MA-AG $300,000
Merrill Lynch toxic securities abuses 2008 MA-AG $13,700,000
Merrill Lynch investor protection violation 2010 NJ-AG $4,871,620
Merrill Lynch investor protection violation 2002 NY-AG $100,000,000
Merrill Lynch investor protection violation 2009 OH-AG $475,000,000
Merrill Lynch & Co. investor protection violation 2008 MULTI-AG $3,458,333,333
Merrill Lynch & Co. investor protection violation 2013 NJ-AG $45,000,000
Merrill Lynch & Co. Inc. accounting fraud or deficiencies 2003 SEC $80,000,000
Merrill Lynch & Co. Inc. investor protection violation 2002 MULTI-AG (*) $100,000,000
Merrill Lynch & Co., Inc. wage and hour violation 2008 WHD $516,924
Merrill Lynch & Co., Inc. benefit plan administrator violation 2009 private lawsuit-federal $75,000,000
Merrill Lynch Commodities Inc. price-fixing or anti-competitive practices 2019 DOJ_CRIMINAL $25,000,000
Merrill Lynch Commodities, Inc. investor protection violation 2019 CFTC (*) $24,900,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC data submission deficiencies 2007 CFTC $500,000
Merrill Lynch Pierce Fenner & Smith Inc. financial institution supervision failures 2005 NJ-AG $10,000,000
Merrill Lynch, Pierce and Fenner & Smith Incorporated investor protection violation 2018 SEC $8,872,723
Merrill Lynch, Pierce, Fenner & Smith investor protection violation 2018 SEC $8,900,000
Merrill Lynch, Pierce, Fenner & Smith investor protection violation 2018 SEC $42,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc investor protection violation 2018 SEC $1,404,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 SEC $7,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2018 SEC $15,700,000
Merrill Lynch, Pierce, Fenner & Smith Inc. benefit plan administrator violation 2011 EBSA $170,854
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2015 SEC $500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2006 SEC $1,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2000 SEC $5,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated anti-money-laundering deficiencies 2017 SEC $13,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated benefit plan administrator violation 2017 private lawsuit-federal $25,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 SEC $8,014,000
Merrill Lynch, Pierce, Fenner & Smith, Inc economic sanction violation 2004 OFAC $22,904
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2009 SEC $1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. wage and hour violation 2006 WHD $7,060
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2003 SEC $200,000,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc. investor protection violation 2010 NJ-AG $728,260
Robertson Stephens Inc. securities issuance or trading violation 2003 SEC $33,000,000
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