Warren calls Treasury Department fine of Bank of America a 'slap-on-the-wrist'

Democratic Sen. Elizabeth Warren (Mass.) on Wednesday blasted the Treasury Department’s $1.2 billion fine of Bank of America as “a slap-on-the-wrist fine." Warren, the top Democrat on the Senate Banking Committee, said in a statement that Bank of America “failed to implement an effective anti-money laundering program for years.” In announcing the penalty, the Treasury...