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California unemployment: Bank of America addresses freezing accounts, fraud in state assembly hearing

SACRAMENTO, Calif. (KGO) -- A California State Assembly budget subcommittee held a hearing Tuesday with Californias EDD and its banking partner, Bank of America, to gain clarity on the massive fraud plaguing the program. Faiz Ahmad, Head of Global Transaction Services at Bank of America, noted in his opening remarks that unemployment insurance fraud is nationwide, and not unique to California. "The size and scale of the California program attracted substantial fraud, including criminals who are...
United States Rita Saenz Faiz Ahmad Michael Finney Brian Moynihan Kgoa California State Assembly

California unemployment: Class action lawsuit filed against Bank of America for rampant unemployment fraud

SAN FRANCISCO (KGO) -- 7 On Your Side has been helping scores of unemployed workers whose benefits were drained by scammers - and Bank of America rejected their claims to be reimbursed for the fraud. Now, a class action lawsuit filed in the U.S. District Court in San Francisco on Friday claims Bank of America failed to stop scammers from stealing money off EDD debit cards of struggling workers. The suit, Yick v. Bank of America, says Bank of America never secured the cards with chip technology...
United States San Francisco Diane Davis Pitre Mccarthy Michael Finney Michael Conant

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California unemployment: Bank of America freezes unemployment benefit accounts just before holiday

All she knew was her unemployment benefits were gone. "To have $7,000 taken from my account... it hurts. You know. That was my savings," said Davis. Davis immediately called Bank of America. "And Im on the phone for three hours and finally someone answers and click -- you get disconnected," she said. But instead of reimbursing her for the fraud, Bank of America denied her claim - let the fraudulent charges stand, and then "froze her account." "Just froze it! Right before Christmas. Come on, thi...
South Africa United States Diane Davis Michael Finney East Bay Welli M

California unemployment: Users report EDD site outage, can't log in to accounts

Californians seeking unemployment assistance due to the pandemic are experiencing delays and other issues after a large backlog forced EDD to stop accepting new claims for two weeks. Users have taken to social media to complain about not being able to access their accounts or certify for benefits. Some say the site has been inaccessible for as long as two days. ABC7s sister station KGO-TV has reached out to the EDD but has not yet received a response. We will keep on top of this story and repor...
United States California Employment Development Department Ui Online California Employment Development Department Benefit Programs Edd Website Down California Unemployment
Source: abc7.com

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