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Labor/Employment

Feb. 5, 2021

2nd proposed class sues BofA over unemployment benefit fraud reaction

The federal lawsuit filed Thursday claims the bank, which has an exclusive contract with California's Employment Development Department to administer unemployment benefits via the bank's debit cards, didn't protect the funds with basic cybersecurity measures.

Weeks after unemployment benefit claimants filed a proposed class action against the Bank of America saying it didn't protect their benefits from fraud, another proposed class has filed identical claims against the bank.

The federal lawsuit filed Thursday claims the bank, which has an exclusive contract with California's Employment Development Department to administer unemployment benefits via the bank's debit cards, didn't protect ...

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