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.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
Banc of America Investment Services, Inc. investor protection violation 2008 MD-SEC $10,000
Bank of America discriminatory practices (non-employment) 2013 HUD $7,500
Merrill Lynch, Pierce, Fenner & Smith, Inc. wage and hour violation 2006 WHD $7,060
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2005 WI-FIN $7,000
BANK OF AMERICA workplace safety or health violation 2011 OSHA $6,600
Bank of America Family and Medical Leave Act 2008 WHD $6,500
Bank of America wage and hour violation 2008 WHD $6,209
Bank of America Corporation wage and hour violation 2004 WHD $5,972
Bank of America, NA wage and hour violation 2010 WHD $5,827
Merrill Lynch Life Insurance Company insurance violation 2000 SC-INS $5,000
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