By Stacy Cowley 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 ...

We’re learning more about how Bank of America will repay customers, after regulators say the North Carolina-based bank botched the disbursement of state unemployment benefits at the height of ...

Twelve states used the unemployment benefits card program, including New Jersey and California, Bloomberg reported. According to CFPB, Bank of America often directed California customers to the ...

Bank of America has been fined $225 million by federal regulators for unlawfully freezing customers’ bank accounts while they were collecting unemployment benefits in the middle of the pandemic.

SAN FRANCISCO (KGO) -- Big news for those collecting unemployment payments. Bank of America is out and Money Network is in. You may remember during the pandemic there were huge problems with ...

May 25 (Reuters) - Bank of America (BAC.N), opens new tab must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards ...

Bank of America was ordered to provide remediation to customers whose access to unemployment benefits was denied or delayed. The CFPB said the remediation “is estimated to result in hundreds of ...

While JPMorgan Chase's Chief Executive Officer Jamie Dimon grabs a lot of the headlines in bank land, Bank of America CEO Brian ... to see how they would fare if unemployment rises to, say ...

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 people in a ...