Violation Tracker Individual Record
Company:
Bank of America Corporation
Current Parent Company:
Bank of America
Penalty:
$943,000,000
Year:
2014
Date:
August 21, 2014
Offense Group:
financial offenses
Primary Offense:
mortgage abuses
Violation Description:
Bank of America agreed to pay $943 million to six states to settle litigation concerning mortgage abuses. The six states and the amounts were: California ($300 million), Delaware ($45 million), Illinois ($200 million), Kentucky ($23 million), Maryland ($75 million) and New York ($300 million). This was part of a larger $16 billion settlement involving the federal government; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-bank-of-am...
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
North Carolina
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
