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Violation Tracker Individual Record

Company: Bank of America
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $675,000
Year: 2015
Date: January 16, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Violation Description: Bank of America, JP Morgan Chase, Citi and Wells Fargo Bank agreed to pay a total of $2.7 million in settlement of allegations they unlawfully foreclosed on properties in Massachusetts. The announcement did not specify how much each bank would pay. Here we assume the total was divided equally among them.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.