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: 
$82,695,676,034
Number of records: 
210
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$80,630,021,688124
employment-related offenses$880,037,19855
consumer-protection-related offenses$868,566,62919
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$13,367,992,14173
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.

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.
Download results as CSV or XML
Company Primary Offense Type Year Agency Penalty Amountsort icon
Bank of America Corporation investor protection violation 2014 SEC $7,650,000
Bank of America Corp. anti-money-laundering deficiencies 2006 NY-MANDA $7,500,000
Banc of America Investment Services employment discrimination 2009 private lawsuit-federal $7,200,000
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
Countrywide Financial Corp. mortgage abuses 2009 CO-AG $6,000,000
U.S. Trust Corporation banking violation 2001 FED $5,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2000 SEC $5,000,000
U.S. Trust Corporation anti-money-laundering deficiencies 2001 NY-DFS $5,000,000
Merrill Lynch investor protection violation 2010 NJ-AG $4,871,620
Bank of America employment discrimination 2019 OFCCP $4,200,000
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
Merrill Lynch, Pierce, Fenner & Smith Inc. financial institution supervision failures 2006 CT-SEC $3,500,000
Bank of America wage and hour violation 2016 private lawsuit-federal $3,250,000
Countrywide Home Loans, Inc., consumer protection violation 2006 NY-AG $3,200,000
Bank of America consumer protection violation 2014 HI-AG $2,825,000
Countrywide Home Loans mortgage abuses 2009 IN-AG $2,800,000
Merrill Lynch wage and hour violation 2016 private lawsuit-state $2,645,000
Merrill Lynch investor protection violation 2017 CFTC $2,500,000
Bank of America investor protection violation 2017 USAO $2,500,000
Bank of America wage and hour violation 2007 private lawsuit-state $2,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2015 MA-SEC $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
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 MO-SEC $2,121,579
Bank of America Corp. consumer protection violation 2013 WV-AG $1,950,000
Bank of America, N.A. consumer protection violation 2017 CA-MULTI $1,940,000
Bank of America wage and hour violation 2017 private lawsuit-federal $1,900,000
Countrywide Home Loans Inc. consumer protection violation 2008 NC-BKG $1,611,500
Merrill Lynch employment discrimination 2008 EEOC $1,550,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2006 SEC $1,500,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLC investor protection violation 2005 SEC $1,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc investor protection violation 2018 SEC $1,404,000
Banc of America Securities LLC investor protection violation 2010 NJ-AG $1,268,393
Merrill Lynch investor protection violation 2014 CFTC $1,200,000
Countrywide Financial Corp. mortgage abuses 2009 RI-AG $1,146,000
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
Countrywide Financial Corporation mortgage abuses 2009 OR-AG $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
Merrill, Lynch, Pierce, Fenner and Smith, Inc. investor protection violation 2010 NJ-AG $728,260
Bank of America mortgage abuses 2015 MA-AG $675,000
Bank of America wage and hour violation 2010 private lawsuit-federal $661,392
Countrywide Home Loans Inc. consumer protection violation 2010 WA-FIN $650,000
Merrill Lynch & Co., Inc. wage and hour violation 2008 WHD $516,924
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection 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 investor protection violation 2002 DE-AG $500,000
Merrill Lynch investor protection violation 2002 NH-BSR $500,000
Merrill Lynch investor protection violation 2009 DE-AG $459,000
Merrill Lynch privacy violation 2014 NH-BSR $400,000
Merrill Lynch investor protection violation 2011 CFTC $350,000
Bank of America privacy violation 2009 CT-AG $350,000
Countrywide Financial Corporation mortgage abuses 2009 WV-AG $340,901
Merrill Lynch, Pierce and Fenner & Smith, Incorporated investor protection violation 2020 SEC $325,376
Merrill Lynch toxic securities abuses 2009 MA-AG $300,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 CFTC $300,000
MERRILL LYNCH PIERCE FENNER & investor protection violation 2004 VA-SEC $268,723
Bank of America Corporation wage and hour violation 2006 WHD $265,774
Banc of America Investment Services, Inc. investor protection violation 2006 IL-SEC $250,000
Bank of America Corp. privacy violation 2010 MO-AG $195,000
Merrill Lynch, Pierce, Fenner & Smith Inc. benefit plan administrator violation 2011 EBSA $170,854
Countrywide Financial Corporation mortgage abuses 2009 SD-AG $161,805
Bank of America discriminatory practices (non-employment) 2012 HUD $161,180
Bank of America economic sanction violation 2003 OFAC $158,038
Banc of America Investment Services, Inc. investor protection violation 2009 SEC $150,000
Lasalle Bank MidWest National Association banking violation 2007 OCC $125,000
Merrill Lynch investor protection violation 2020 VT-FIN $125,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2018 VT-FIN $120,000
Bank of America employment discrimination 2014 EEOC $110,000
FleetBoston Financial Corporation privacy violation 2001 NY-AG $100,000
Lasalle Bank National Association banking violation 2007 OCC $79,524
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $75,000
Countrywide Financial Corporation wage and hour violation 2004 WHD $54,453
Countrywide Home Loans, Inc. consumer protection violation 2010 IL-BKG $54,000
Bank of America discriminatory practices (non-employment) 2006 MA-AG $50,000
Bank of America discriminatory practices (non-employment) 2013 HUD $45,000
Bank of America export control violation 2017 BIS $44,625
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2007 IL-SEC $40,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $33,000
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 (non-employment) 2013 HUD $22,449
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 MO-SEC $20,000
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
Merrill Lynch & Pierce, Fenner & Smith Inc. investor protection violation 2010 AR-SEC $15,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 DC-DISB $15,000
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
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2016 VA-SEC $11,500
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2004 FL-OFR $10,000
Banc of America Investment Services, Inc. investor protection violation 2008 MD-SEC $10,000
Download results as CSV or XML