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Bank of America Mishandling of EDD Unemployment Benefit Fraud Complaint

April 20, 2021

In California, the Employment Development Department (EDD) issues unemployment insurance benefits through an exclusive agreement with Bank of America (BOA). BOA provides the EDD benefits via accounts and Visa debit cards. Unfortunately, the cards have been subject to fraud. In October 2020, BOA “froze the accounts of roughly 350,000 EDD cardholders.” The bank also reversed credits it had given for fraudulent withdrawals, depriving fraud victims of their unemployment benefits.

Case Event File: Bank of America Mishandling of EDD Unemployment Benefit Fraud Complaint

Related to: Bank of America Mishandling of EDD Unemployment Benefit Fraud Class Action