Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bank of America
Current Parent Company: Bank of America
Penalty: $21,000,000
Year: 2024
Date: December 9, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Violation Description: Bank of America agreed to pay $21 million to settle litigation alleging it applied junk fees on incoming wire transfers.
Level of Government: federal
Action Type: private litigation
Court: Western District of North Carolina
Civil or Criminal Case: civil
Case ID: 3:23-cv-00235
Case Name: Aseltine 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.