On June 5, 2025, pursuant to the Bureau’s authority under 12 U.S.C. § 5563(b)(3) and under Paragraph 72 of the order, the Bureau terminated the order. Bank of America has fulfilled the obligations under the order, including, among other things, payment of a civil money penalty of $12 million, development of a compliance plan and an annual report, and implementation of improvements to its HMDA compliance management system.
Official news published at https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-bank-of-america-to-pay-12-million-for-reporting-false-mortgage-data/
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