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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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CompanyPrimary Offense TypeYear sort iconAgencyPenalty Amount
Countrywide Financial Corporationmortgage abuses2009PA-AG$150,000,000
Countrywide Financial Corporationmortgage abuses2009SD-AG$161,805
Countrywide Financial Corporationmortgage abuses2009WI-AG$41,100,000
Countrywide Financial Corporationmortgage abuses2009WV-AG$340,901
Countrywide Home Loansmortgage abuses2009IN-AG$2,800,000
Merrill Lynchinvestor protection violation2009DE-AG$459,000
Merrill Lynchtoxic securities abuses2009MA-AG$300,000
Merrill Lynchinvestor protection violation2009OH-AG$475,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009MO-SEC$20,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009FINRA$150,000
Bank of Americaprice-fixing or anti-competitive practices2010DOJ_ANTITRUST$137,300,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LPconsumer protection violation2010FTC$108,000,000
Bank of Americainvestor protection violation2010SEC$150,000,000
Bank of America, NAwage and hour violation2010WHD$5,827
Bank of America, N.A.wage and hour violation2010WHD$18,654
Bank of Americawage and hour violation2010private lawsuit-state$16,650,000
Merrill Lynchwage and hour violation2010private lawsuit-federal$43,500,000
Bank of Americawage and hour violation2010private lawsuit-federal$661,392
Banc of America Securities LLCprice-fixing or anti-competitive practices2010SEC$36,096,442
Banc of America Securities LLCinvestor protection violation2010NJ-AG$1,268,393
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 Americafraud2010DC-AG$13,502,852
Bank of America Corp.privacy violation2010MO-AG$195,000
Countrywide Financial Corporationmortgage abuses2010MULTI-AG$3,004,100,000
Merrill Lynchinvestor protection violation2010NJ-AG$4,871,620
Merrill, Lynch, Pierce, Fenner and Smith, Inc.investor protection violation2010NJ-AG$728,260
Merrill Lynch & Pierce, Fenner & Smith Inc.investor protection violation2010AR-SEC$15,000
Countrywide Home Loans, Inc.consumer protection violation2010IL-BKG$54,000
Countrywide Home Loans Inc.consumer protection violation2010WA-FIN$650,000
Merrill Lynchinvestor protection violation2010MULTI-FIN$26,563,094
Countrywide Financial Corp.privacy violation2010private lawsuit-federal$6,500,000
Merrill Lynchinvestor protection violation2010FINRA$2,500,000
Bank Of Americawage and hour violation2010MI-LEO$15,406
Bank Of Americawage and hour violation2010MI-LEO$14,000
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LPmortgage abuses2011DOJ_CIVIL$20,000,000
Bank of Americatoxic securities abuses2011FHFA$1,300,000,000
Bank of Americatoxic securities abuses2011FHFA$1,520,000,000
Merrill Lynchinvestor protection violation2011CFTC$350,000
Countrywide Financial Corporationmortgage abuses2011DOJ_RIGHTS$335,000,000
Merrill Lynchinvestor protection violation2011SEC$10,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.benefit plan administrator violation2011EBSA$170,854
Bank of America Corpbenefit plan administrator violation2011private lawsuit-federal$21,000,000
LaSalle Bankbenefit plan administrator violation2011private lawsuit-federal$13,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2011FINRA$1,000,000
Merrill Lynchinvestor protection violation2011FINRA$3,000,000
Bank of America Corp.workplace whistleblower retaliation2011OSHA$930,000
Bank of America N.A.consumer protection violation2011private lawsuit-federal$410,000,000
Bank of America, N.A.consumer protection violation2011private lawsuit-federal$9,950,000
Countrywide Financial Corporationconsumer protection violation2011private lawsuit-federal$34,000,000
Bank Of Americawage and hour violation2011MI-LEO$5,000
BANK OF AMERICAworkplace safety or health violation2011OSHA$6,600
Bank of America Corporationbanking violation2012FED$175,500,000
Bank of America Corporationmortgage abuses2012DOJ$10,956,600,000
Bank of America N.A.banking violation2012DOJ_RIGHTS$370,000,000
Bank of Americadiscriminatory practices (non-employment)2012HUD$161,180
Merrill Lynchbenefit plan administrator violation2012private lawsuit-federal$10,000,000
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
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2012IL-SEC$25,930,000
Merrill Lynchinvestor protection violation2012FINRA$1,074,200
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2012FINRA$500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2012FINRA$2,800,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2012FINRA$1,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedconsumer protection violation2012private lawsuit-federal$11,500,000
Bank of Americabanking violation2013OCC$2,886,578,478
Merrill Lynchtoxic securities abuses2013SEC$131,800,000
Bank of Americatoxic securities abuses2013FHFA$404,000,000
Bank of Americatoxic securities abuses2013FHFA$10,350,000,000
Bank of Americatoxic securities abuses2013NCUA$165,000,000
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 America Corpemployment discrimination2013OFCCP$2,181,593
Bank of America, National Associationlabor relations violation2013NLRB$18,634
Bank of Americawage and hour violation2013private lawsuit-federal$73,000,000
Merrill Lynchwage and hour violation2013private lawsuit-federal$12,000,000
Merrill Lynchwage and hour violation2013private lawsuit-federal$21,000,000
Merrill Lynchemployment discrimination2013private lawsuit-federal$38,225,000
Merrill Lynchemployment discrimination2013private lawsuit-federal$160,000,000
Bank of Americainvestor protection violation2013MULTI-AG$500,000,000
Bank of America Corp.consumer protection violation2013WV-AG$1,950,000
Countrywide Securities Corp.mortgage abuses2013MA-AG$17,300,000
Merrill Lynch & Co.investor protection violation2013NJ-AG$45,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013DC-DISB$15,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013MO-SEC$2,121,579
Bank of America, National Associationenvironmental violation2013VA-ENV$27,625
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2013FINRA$2,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013FINRA$1,373,000
Countrywide Financial CorporationWARN Act violation2013private lawsuit-federal$1,200,000
Bank of Americaconsumer protection violation2013private lawsuit-federal$20,000,000
Bank of America N.A.consumer protection violation2013private lawsuit-federal$100,000,000
Bank of America N.A.consumer protection violation2013private lawsuit-federal$19,610,000
Countrywide Financial Corporationconsumer protection violation2013private lawsuit-federal$500,000,000
Bank of America, N.A.consumer protection violation2014CFPB$747,000,000
Bank of America, National Associationbanking violation2014OCC$250,000,000
Bank of America, National Associationbanking violation2014OCC$25,000,000
Bank of America Corporationmortgage abuses2014DOJ$16,650,000,000
Bank of America Corporationinvestor protection violation2014SEC$7,650,000
Bank of America Corporationtoxic securities abuses2014FHFA$9,300,000,000
Merrill Lynchinvestor protection violation2014CFTC$1,200,000
Bank of America N.A.economic sanction violation2014OFAC$16,562,700
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.