Tag: unemployment benefits fraud

Capital and Risk, Operational, Retail Banking

Bank of America flags 640K accounts on suspected unemployment benefits fraud

December 10, 2020

Via: Banking Dive

Bank of America issued more than 8.2 million cards holding more than $105 billion between March and November under a contract with the California Employment Development Department (EDD). After the EDD announced that nearly 350,000 of its debit cards had […]