In abstract

State data obtained by CalMatters present that the employment company made $22.5 million on unemployment debit card charges because the pandemic ravaged the job market, nevertheless it failed to trace how a lot Bank of America earned off a debit card contract through the spike in advantages. Lawmakers are asking questions in regards to the revenue-sharing deal as employees nonetheless lacking cash struggle to outlive.

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She didn’t realize it on the time, however final September was when all the pieces began to unravel for Julie Hansen. It was late within the month when the furloughed Disneyland sweet maker observed a string of suspicious expenses totaling $12,222.23 on her state-issued Bank of America unemployment debit card. First, the cash was credited again to her account. Then it disappeared once more, setting in movement a sequence of occasions that left her and her son homeless.

Behind the scenes, California’s Employment Development Department and longtime debit card contractor Bank of America have been scrambling to rein in rampant fraud. They froze some 350,000 unemployment accounts across the time Hansen’s card was minimize off.