NJ Virus Benefit Recipients Sue BofA Over Debit Card Fraud

By Jeannie O'Sullivan (December 17, 2021, 8:12 PM EST) -- Bank of America was hit with a proposed class action Friday, alleging it failed to apply proper fraud protections to debit cards issued to those who received COVID-19 pandemic job loss benefits from the state of New Jersey, resulting in unauthorized charges on the accounts and other scams.

The banking giant used outdated magnetic stripes instead of chip technology, and provided poor customer service that rendered cardholders "desperate and confused" when they reported fraudulent activity, according to the complaint filed in New Jersey federal court.

In some cases, the bank refused to provide provisional credit during the pendency of fraud investigations,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!