Warren calls Treasury fine of Bank of America a ‘slap-on-the-wrist’

Senator Elizabeth Warren (D-Mass.) on Wednesday called the Treasury Department's $1.2 billion fine of Bank of America a 'slap-on-the-wrist,' saying the bank 'failed to implement an effective anti-money laundering program for years.' Warren, the top Democrat on the Senate Banking Committee, issued the statement as the Treasury announced the penalty.