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- 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 › newsroomFederal Regulators Fine Bank of America $225 Million Over ...
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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...
- Reporter
- 3 min
Jul 14, 2022 · Bank of America 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.
Jul 14, 2022 · As unemployment surged at the pandemic’s start, states — with federal backing — expanded their jobless benefits. Thieves piled in, flooding states with fraudulent claims and stealing cards and...
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...
- Leslie Picker
Jul 14, 2022 · Bank of America owes millions to customers for errors in unemployment benefits. We’re learning more about how Bank of America will repay customers, after regulators say the North...
Bank of America's employee resources at home allow you to stay connected to the programs, resources and benefits offered, even when away from your work computer. Available to U.S-based Bank of America employees.
Employee benefits and perks. Supporting our employees in their personal and professional lives makes Bank of America a great place to work. Part of the package. With the wide range of benefits and programs available, we offer resources to support employees and their families at every stage of life and plan for the future.
