Operating under a memorandum of understanding since May 2009, BofA (BAC) is working to convince...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Operating under a memorandum of understanding since May 2009, BofA (BAC) is working to convince regulators it has taken adequate steps to strengthen the bank. Sources say regulators have started to warn of a public enforcement action unless BofA makes more progress on MOU compliance.