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BofA Says Regulators May Take Action Over Money Laundering, Zelle
News October 31, 2024 at 01:42 PM
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What You Need To Know
- U.S. regulatory agencies have been digging into consumer complaints about how banks handle reported abuses of the Zelle network.
- They may issue public orders after examining BofA's compliance programs.
- The bank says it doesn't expect reviews of its programs to have an adverse material impact.
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