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 ...

Earlier this year, New Jersey’s Labor Department dumped Bank of America as the company that delivered unemployment, disability and family leave benefits to residents with prepaid debit cards.

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.

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 ...