Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bank of America N.A.
Current Parent Company: Bank of America
Penalty: $75,000,000
Year: 2022
Date: January 24, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Mega-Scandal: Overdraft Fees
Violation Description: Bank of America agreed to pay $75 million and make changes in its business practices to settle litigation alleging it improperly charged overdraft fees to customers whose accounts were empty.
Level of Government: federal
Action Type: private litigation
Court: Western District of North Carolina
Civil or Criminal Case: civil
Case ID: 3:18cv157
Case Name: Morris et al v. Bank of America, N.A.
Private Lawsuit Resolution Type: settlement
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)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
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.