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It still has two seats and can fit sideways in a parking spot, but it's now an EV with over 200 miles of range ...
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Wilfa, a Norwegian brand known for kitchen appliances and minimalist Scandinavian designs, is officially launching in the US today with seven new appliances. Although we haven’t put the new lineup through testing just yet, a few have caught our eye.
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The quality of plug-in display glasses has gotten seriously good lately, if you can put up with the idea of resting your monitor on your face. The price for good glasses has been dropping (down to $299 for some notable ones), but the pricier top-end models have advantages.
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Lori Grunin/CNET The updated version of the OG Microsoft-sanctioned Windows gaming handheld, the Asus ROG Xbox Ally X, hits a lot of high points for the category, combining the comfortable controls and layout of the original with a great new OLED display. But while I really like it, the ROG Xbox Ally X20 falls short…
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American Horror Story, the horror anthology series created by Ryan Murphy and Brad Falchuk, has been going strong since 2011, and the show’s 13th season might be its biggest yet. Over the past 15 years, Murphy has assembled a loyal group of actors who collaborate with him regularly, and most of them will be showing…
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October 15, 2026
Bank of America faces more than $1.2 billion in federal penalties for failing to detect and report suspicious financial transactions, including activity potentially linked to drug trafficking and international money laundering.
Federal regulators say the bank ignored warning signs for years, even after being ordered in 2024 to improve its anti-money laundering procedures.
Consumers won't receive settlement checks, and ordinary banking services are expected to continue, although customers could face additional identity verification and scrutiny of certain transactions.
Bank of America is facing one of the largest financial penalties in U.S. banking history after federal regulators concluded that the institution failed to adequately monitor suspicious transactions and comply with laws designed to prevent money laundering.
The U.S. Treasury Department announced Tuesday that it had imposed more than $1.21 billion in penalties against the nation's second-largest bank, including a $1.2 billion penalty assessed by the Financial Crimes Enforcement Network (FinCEN).
The action represents the third-largest penalty in Treasury Department history.
Regulators said Bank of America failed to properly monitor trillions of dollars in transactions, allowing more than $5 billion in potentially suspicious activity to go unreported or be reported too late to be useful to investigators.
More than $1 billion of that activity involved potential national security threats and other high-priority risks, including Chinese money laundering networks, suspected narcotics trafficking and financial transactions connected to the southwestern U.S. border.
What regulators found
According to Treasury officials, Bank of America's problems extended beyond occasional mistakes or technical failures.
The bank admitted to willfully violating provisions of the Bank Secrecy Act, which requires financial institutions to maintain systems for identifying suspicious transactions and reporting them to federal authorities.
Regulators said the bank sometimes relied on law enforcement agencies and other financial institutions to identify questionable activity rather than detecting it through its own monitoring systems.
The Office of the Comptroller of the Currency (OCC) also found that the bank's compliance employees lacked adequate training and that management had failed to address longstanding weaknesses.
Consumer Daily Reports Article Count: 6586
Environmental News Articles Article Count: 32
Reviews Article Count: 2658
Vehicle News Articles Article Count: 1010
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