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- – Today, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for botching the disbursement of state unemployment benefits at the height of the pandemic.
www.consumerfinance.gov › about-us › newsroomFederal Regulators Fine Bank of America $225 Million Over ...
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Jul 15, 2022 · Regulators are fining Bank of America $225 million for bungling the distribution of unemployment benefits amid the pandemic, and are ordering the bank to compensate more than 100,000...
- Reporter
- 3 min
Jul 14, 2022 · In its investigation, the CFPB found that Bank of America engaged in unfair and abusive acts and practices that resulted in Californians not getting their unemployment benefits at the height of the pandemic, when many people needed the money the most.
Jul 14, 2022 · Bank of America faces more than $200 million in fines and hundreds of millions more in restitution to customers for botching the disbursement of state unemployment benefits at the height of...
Sep 4, 2021 · Key Points. Federal unemployment benefits end this weekend for millions of people. They've been in place since the CARES Act was passed in March 2020. Many recipients reached by CNBC are scared...
Jul 14, 2022 · Federal banking regulators fined Bank of America on Thursday after finding its fraud filter unlawfully froze customers’ prepaid unemployment insurance benefit accounts, leaving “distressed ...
- Julie Coleman
Jul 14, 2022 · Federal regulators fined Bank of America $225 million for “botching the disbursement of state unemployment benefits at the height of the pandemic,” the subject of a CNBC investigation last year.
Jul 14, 2022 · Two federal regulators fined Bank of America $225 million on Thursday for mishandling prepaid debit card accounts used by a dozen states to distribute unemployment benefits during the pandemic...
