AI Summary

Democratic Senator Elizabeth Warren condemned the Treasury Department’s $1.2 billion penalty against Bank of America, calling it a “slap‑on‑the‑wrist.” In a statement, Warren—who chairs the Senate Banking Committee’s Democratic side—said the bank “failed to implement an effective anti‑money‑laundering program for years.” Her remarks underscore the Senate’s frustration with the regulator’s enforcement actions.

AI summaries can be wrong sometimes—always verify important details using the source article.