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Violation Tracker Individual Record

Company: Bank of America N.A.
Current Parent Company: Bank of America
Penalty: $35,000,000
Year: 2020
Date: August 10, 2020
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: mortgage abuses
Mega-Scandal: Mortgage Abuses
Violation Description: Bank of America agreed to pay $35 million to settle litigation alleging it violated a California law requiring that interest be paid on mortgage escrow accounts.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:14cv1855
Case Name: Donald M Lusnak v. Bank Of America, N.A. et al
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.