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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 Building

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 Building

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 Sign and Logo in Front of Branch