Class Action Filed Against Bank Of America Over EDD Fraud
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Unemployed Californians say the bank made state benefit cards vulnerable to fraud and that the bank’s customer service and fraud claim systems are deficient. In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. (AP Photo/Steven Senne) SAN FRANCISCO (CN) — A federal class action filed Friday claims Bank of America failed to secure debit cards containing unemployment benefits for millions of Californians, leading to widespread fraud and making some cardholders unable to access needed funds during a ...
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, and failed to prevent data breaches to secure millions in unemployment benefits. It also claims th...
EDD problems persist as class action lawsuit filed against Bank of America KABC Share: "It's very frustrating because a lot of people could get into people's accounts," says Koning. He is also dealing with serious health issues. "I was born with just half a heart in my body and I was dead for six minutes and came back to life four times," said Koning who posted his story on YouTube. He says he needs that money returned for another surgery. "I don't know what to do right now," he said. He's not alone. The Employment Development Department has millions of claims on hold. There was also a lockd...