CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data

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.