Debit Card
Bank of America New Jersey LWD Debit Cards, Accounts Defrauded Class Action
In 2020, millions of Americans lost their jobs and had to apply for unemployment benefits. In New Jersey, the Department of Labor & Workforce (LWD) did not pay these benefits directly to individuals. Instead, it contracted with Bank of America, NA to distribute the benefits through Bank of America-issued, Bank of America-administered prepaid debit cards Read more
Bank of America Mishandling of EDD Unemployment Benefit Fraud Class Action
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 Read more
Bank of America California Unemployment Benefit Card Fraud Class Action
During the Covid-19 pandemic, many more people have relied on unemployment benefits. In California, these are handled by the Employment Development Department (EDD); Bank of America, NA (BOA) distributes the funds. However, this complaint alleges that BOA “is either unwilling or unable to stop criminals” from stealing unemployment funds from accounts. It also appears to Read more
Bank of America EDD Funds Fraud and Lack of Response Class Action
In the “economic devastation” of the Covid-19 pandemic, millions of people are relying on unemployment and similar government benefits to provide money for basic living expenses. California’s Economic Development Department (EDD) has chosen to have its unemployment benefits distributed in the form of a prepaid debit card, issued by Bank of America, NA. The complaint Read more
Bank of America Inattention to Fraud on EDD Accounts Class Action
California does not pay unemployment benefits directly. Instead, its Employment Development Department (EDD) has an exclusive contract with Bank of America, NA, which issues the benefits in the form of pre-paid debit cards. Unfortunately, criminals have stealing the benefits from these cards. The complaint for this class action alleges Bank of America is responsible for Read more
Merchants’ Choice Payment Solutions Settlement
Merchants’ Choice Payment Solutions, Woodforest National Bank, and Paysafe Payment Processing Solutions, LLC are putting together $15,000,000 to settle a class action alleging that they caused merchants to unknowingly unroll in the Merchants’ Choice payment processing services. Also, the complaint alleged that Merchants’ Choice added unauthorized choices to their invoices, including annual fees, batch header Read more
Nordstrom “Debit Card” Versus Bank Debit Card Investigation
Should Nordstrom even be calling this a debit card? There are some significant differences between these retail cards and real bank debit cards, and some customers have been unpleasantly surprised by overdraft fees and inferior fraud protection. Read more
Target “Debit Card” Results in Excessive Overdraft Fees Class Action
When is a debit card not a debit card? According to the complaint for this class action, Target debit cards are not because they do not play by the rules followed by other debit cards. In fact, the complaint claims, the Target card is more like a “shrouded electronic check” in that there is no Read more
