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: 
$82,885,116,051
Number of records: 
259
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$80,776,735,945164
consumer-protection-related offenses$911,120,53423
employment-related offenses$880,145,91456
competition-related offenses$280,943,9199
government-contracting-related offenses$35,600,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,950,771,70619
toxic securities abuses$23,204,300,00010
investor protection violation$13,535,778,962113
banking violation$3,954,637,53212
consumer protection violation$867,230,5009
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: 

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.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Primary Offense Typesort icon Year Agency Penalty Amount
Bank of America price-fixing or anti-competitive practices 2010 DOJ_ANTITRUST $137,300,000
Banc of America Securities LLC price-fixing or anti-competitive practices 2010 SEC $36,096,442
Bank of America price-fixing or anti-competitive practices 2010 MULTI-AG (*) $67,000,000
Merrill Lynch Commodities Inc. price-fixing or anti-competitive practices 2019 DOJ_CRIMINAL $25,000,000
Bank of America privacy violation 2009 CT-AG $350,000
Bank of America Corp. privacy violation 2010 MO-AG $195,000
FleetBoston Financial Corporation privacy violation 2001 NY-AG $100,000
Merrill Lynch privacy violation 2014 NH-BSR $400,000
Bank of America Corporation privacy violation 2014 private lawsuit-federal $32,083,905
Countrywide Financial Corp. privacy violation 2010 private lawsuit-federal $6,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc. securities issuance or trading violation 2018 FINRA $5,990,530
Merrill Lynch toxic securities abuses 2013 SEC $131,800,000
Bank of America Corporation toxic securities abuses 2014 FHFA $9,300,000,000
Bank of America toxic securities abuses 2013 FHFA $404,000,000
Bank of America toxic securities abuses 2011 FHFA $1,300,000,000
Bank of America toxic securities abuses 2011 FHFA $1,520,000,000
Bank of America toxic securities abuses 2013 FHFA $10,350,000,000
Bank of America toxic securities abuses 2013 NCUA $165,000,000
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc. toxic securities abuses 2016 VA-AG $19,500,000
Merrill Lynch toxic securities abuses 2009 MA-AG $300,000
Merrill Lynch toxic securities abuses 2008 MA-AG $13,700,000
Bank of America, NA wage and hour violation 2010 WHD $5,827
Bank of America, N.A. wage and hour violation 2010 WHD $18,654
Merrill Lynch & Co., Inc. wage and hour violation 2008 WHD $516,924
Bank of America wage and hour violation 2008 WHD $6,209
Bank of America Corporation wage and hour violation 2006 WHD $265,774
Merrill Lynch, Pierce, Fenner & Smith, Inc. wage and hour violation 2006 WHD $7,060
Bank of America wage and hour violation 2005 WHD $12,824
Bank of America Corporation wage and hour violation 2004 WHD $5,972
Countrywide Financial Corporation wage and hour violation 2004 WHD $54,453
FSC Corporation wage and hour violation 2003 WHD $108,716
Bank of America wage and hour violation 2017 private lawsuit-federal $6,000,000
Bank of America wage and hour violation 2017 private lawsuit-federal $7,000,000
Bank of America wage and hour violation 2017 private lawsuit-federal $1,900,000
Bank of America wage and hour violation 2017 private lawsuit-federal $6,600,000
Merrill Lynch wage and hour violation 2016 private lawsuit-state $2,645,000
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-federal $14,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $36,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $2,250,000
Bank of America wage and hour violation 2015 private lawsuit-federal $9,000,000
Countrywide Home Loans Inc. wage and hour violation 2015 private lawsuit-federal $9,649,000
Merrill Lynch wage and hour violation 2014 private lawsuit-federal $6,900,000
Bank of America wage and hour violation 2013 private lawsuit-federal $73,000,000
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
Bank of America wage and hour violation 2010 private lawsuit-state $16,650,000
Merrill Lynch wage and hour violation 2010 private lawsuit-federal $43,500,000
Bank of America wage and hour violation 2010 private lawsuit-federal $661,392
Bank of America wage and hour violation 2007 private lawsuit-state $2,500,000
Bank of America wage and hour violation 2006 private lawsuit-federal $9,000,000
Merrill Lynch wage and hour violation 2006 private lawsuit-federal $37,000,000
Countrywide Financial wage and hour violation 2005 private lawsuit-state $30,000,000
Bank of America wage and hour violation 2003 private lawsuit-state $4,100,000
Bank of America wage and hour violation 2001 private lawsuit-state $22,000,000
BANK OF AMERICA workplace safety or health violation 2003 OSHA $5,000
BANK OF AMERICA workplace safety or health violation 2011 OSHA $6,600
Bank of America Corp. workplace whistleblower retaliation 2011 OSHA $930,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)