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Bank of America sued over EDD unemployment debit card fraud
A class-action lawsuit accuses Bank of America of exposing unemployed California workers to fraud and suspended EDD payments.
calmatters.org
A class-action lawsuit accuses Bank of America of exposing unemployed California workers to large-scale fraud and cutting off access to jobless benefits during the pandemic.
tl;dr:
This case is pretty unique,” Brian Danitz, a Bay Area partner at plaintiff law firm Cotchett, Pitre & McCarthy, told CalMatters. “This is a $286 billion financial Goliath. The CEO makes $25 million a year, and they did not provide even basic security measures to protect EDD cardholders.”
For people who wonder why the Guv is bring recalled and why the state is trending back to red, California is turning into a big blue state of financial hell.