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

Sen. Elizabeth Warren on Wednesday called the Treasury Department's $1.2 billion fine of Bank of America 'a slap-on-the-wrist fine,' saying the bank failed to implement an effective anti-money laundering program for years. Warren, the top Democrat on the Senate Banking Committee, criticized the penalty in a statement as insufficient for the bank's compliance failures.