Calif. Unemployment Recipients Sue Bank Of America

By Emilie Ruscoe (January 15, 2021, 8:04 PM EST) -- A California unemployment insurance recipient on Thursday filed a proposed class action against Bank of America NA in San Francisco federal court, accusing the bank — the Golden State's partner in unemployment benefits administration amid the pandemic-linked economic downturn — of failing to protect benefits recipients from fraudsters.

San Francisco real estate agent and property manager Jennifer Yick aims to represent a class of unemployment benefits recipients whose benefits from the California Employment Development Department were stolen out of their benefits accounts.

In the suit, Yick claims that Bank of America holds the exclusive contract to administer unemployment insurance and other...

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