Tag: unemployment insurance


Bank of America fined $225M over ‘botched’ disbursement of unemployment benefits

July 18, 2022

Via: Payments Dive

“Today’s action demonstrates the OCC’s commitment to holding our regulated institutions accountable for treating consumers fairly,” Acting Comptroller Michael Hsu said in a statement. “The bank failed these prepaid cardholders by denying them access to their mandated unemployment funds during […]

Capital and Risk, Macroeconomic

Weekly jobless claims total 2.981 million, bringing coronavirus tally to 36.5 million

May 14, 2020


New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new […]