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1. • • Bank of America has contracts with various state agencies to deliver unemployment and other benefit payments to consumers electronically through prepaid debit cards and accounts.
     www.consumerfinance.gov › about-us › newsroom

     Federal Regulators Fine Bank of America $225 Million Over ...

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   Does Bank of America pay jobless benefits?

   • Bank of America also distributed jobless benefits on behalf of other states, most of which issued the payments through direct deposit. Beyond the fines, Bank of America will have to reimburse consumers the money that was withheld from them as well as a "consequential harm" payment, according to CFPB.

   Bank of America is fined $225 million for botching pandemic benefits

   www.cbsnews.com/news/bank-of-america-pandemic-225-million-fine-unemployment-benefits-prepaid-debit-cards/

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   What is Bank of America's 'botched' handling of jobless benefits?

   • A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri WASHINGTON, July 14 (Reuters) - Bank of America (BAC.N) has been fined $225 million by a pair of U.S. banking regulators over what they called a "botched" handling of jobless benefits during the pandemic.

   Bank of America fined $225 mln for 'botched' disbursement of jobless b…

   www.reuters.com/business/finance/bank-america-fined-225-mln-botched-disbursement-jobless-benefits-during-pandemic-2022-07-14/

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   Does Bank of America pay unemployment?

   • Bank of America signed contracts with a number of states to deliver unemployment payments and other benefits. In many states, it makes those payments through direct deposit, but pandemic benefits in 12 were distributed on prepaid debit cards.

   Bank of America Is Fined $225 Million Over Pandemic Debit Cards - The

   www.nytimes.com/2022/07/14/business/bank-of-america-fined-unemployment.html

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   Did Bank of America mishandle unemployment benefits?

   • Due to a Bank of America mistake, over 100,000 unemployed workers had no access to the funds they were owed. At the height of the pandemic, Bank of America made it impossible for more than 100,000 unemployed workers to receive their unemployment benefits. Bank of America has been fined $225 million for its mishandling of unemployment benefits.

   Bank of America Must Pay Users in These 12 States After Failing to Distri…

   www.fool.com/the-ascent/banks/articles/bank-of-america-must-pay-users-in-these-12-states-after-failing-to-distribute-pandemic-benefits/

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3. www.cbsnews.com › news › bank-of-america-pandemicBank of America is fined $225 million for botching pandemic ...

   www.cbsnews.com › news › bank-of-america-pandemic

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   Jul 15, 2022 · Bank of America also distributed jobless benefits on behalf of other states, most of which issued the payments through direct deposit. Beyond the fines, Bank of America will have to reimburse...

   • Occupation: Reporter

   • Video Duration: 3 min

4. www.cnbc.com › 2022/07/14 › -bank-of-america-finedBank of America fined $225 million over unemployment benefits ...

   www.cnbc.com › 2022/07/14 › -bank-of-america-fined

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   Jul 14, 2022 · Key Points. Federal regulators announced fines totaling $225 million against Bank of America over how it handled disbursing unemployment benefits during the pandemic. The bank had contracts...

   • Author: Leslie Picker

5. www.nytimes.com › 2022/07/14 › businessBank of America Is Fined $225 Million Over Pandemic Debit ...

   www.nytimes.com › 2022/07/14 › business

   Jul 14, 2022 · July 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...

6. www.wral.com › story › bank-of-america-owes-over-200Bank of America owes over $200 million to customers after ...

   www.wral.com › story › bank-of-america-owes-over-200

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   Jul 14, 2022 · The bank handled prepaid debit cards for the unemployment benefits on behalf of 12 states: Arizona, California, Iowa, Kansas, Kentucky, Massachusetts, Maryland, Michigan, North Carolina, New...

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     wral.com

     Bank of America owes over $200 million to customers after botching unemployment payments during pandemic

     Mar 30, 2023

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     abc7.com

     EDD drops Bank of America as unemployment payment contractor

     Dec 6, 2023

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     EDD drops Bank of America as unemployment payment contractor

     Dec 5, 2023

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8. www.reuters.com › business › financeBank of America fined $225 mln for 'botched' disbursement of ...

   www.reuters.com › business › finance

   Jul 14, 2022 · WASHINGTON, July 14 (Reuters) - Bank of America (BAC.N) has been fined $225 million by a pair of U.S. banking regulators over what they called a "botched" handling of jobless benefits...

9. www.consumerfinance.gov › about-us › newsroomFederal Regulators Fine Bank of America $225 Million Over ...

   www.consumerfinance.gov › about-us › newsroom

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   Jul 14, 2022 · The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.

10. www.fool.com › the-ascent › banksBank of America Must Pay Users in These 12 States After ...

    www.fool.com › the-ascent › banks

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    Aug 10, 2022 · KEY POINTS. At the height of the pandemic, Bank of America made it impossible for more than 100,000 unemployed workers to receive their unemployment benefits. Bank of America has been fined $225...