Bank of America Corporation — Ethics Grade C

Bank of America Corporation receives an overall ethics grade of C (45/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Mega Cap.

Category scores

• labor: 50
• privacy: 50
• consumer: 25
• environment: 25
• humanRights: 45

Documented incidents (2)

• Mortgage fraud settlement (high, 2014) — Paid record $16.65B to settle claims of selling toxic mortgage-backed securities that fueled the 2008 financial crisis.
• Junk fees and account manipulation (high, 2023) — CFPB fined BofA $250M for double-dipping on fees, withholding credit card rewards, and opening fake accounts.

Documented good deeds

• $1.5T sustainable finance goal — Committed $1.5 trillion in sustainable finance by 2030 for climate transition and inclusive development.

Ethical alternatives

• Aspiration — Fossil-fuel-free deposits and carbon-neutral banking with transparent fee structure.