https://seekingalpha.com/news/4224437-bank-of-america-in-talks-with-regulators-on-anti-money-laundering-zelle

Bank of America (NYSE:BAC) disclosed talks with "several" federal regulators regarding its anti-money laundering and sanctions compliance programs, according to its 10-Q filed after Tuesday's close.

The programs under focus include transaction monitoring, training, governance, and customer due diligence. The discussions could lead to one or more public orders by the regulators, it said.

The company doesn't expect the issues will have a material adverse impact on the firm.

Bank of America (NYSE:BAC) also said the Consumer Financial Protection Bureau started an inquiry about its processing of electronic payments of funds through the Zelle network. The CFPB is pursuing a resolution or may file an enforcement action. BofA is considering next steps, including litigation, it said.

Bank of America (BAC) stock rose 0.3% in Thursday midday trading.