September 20, 2024
Bank of America informed a New Jersey court on Friday it has reached a settlement in principle with three consumers who launched a proposed class action over the bank's allegedly insufficient security measures affecting prepaid debit cards for unemployment benefits during the height of the COVID-19 pandemic.
July 01, 2024
Bank of America can't escape a proposed class action over its allegedly insufficient security measures affecting prepaid debit cards for unemployment benefits amid the COVID-19 pandemic, though a New Jersey federal judge has, for now, tossed some of the suit's allegations.
December 12, 2023
Bank of America NA customers accusing the bank of failing to sufficiently safeguard against fraudulent activity on prepaid debit cards used for pandemic related unemployment benefits urged a New Jersey federal court not to toss their suit, arguing they have shown their claims are not time-barred.
July 27, 2023
A New Jersey federal judge threw out a proposed class action accusing Bank of America NA of failing to properly safeguard its customers against fraudulent activity on the prepaid debit cards used to access COVID-19 unemployment benefits, stating Thursday that the suit failed to plausibly point to the bank's negligence.
May 10, 2022
Bank of America has urged a New Jersey federal court to erase a proposed class action alleging it failed to provide adequate fraud protections for COVID-19 pandemic job loss benefits, saying most of the allegations were copied "nearly verbatim" from a California federal lawsuit in multidistrict litigation against the financial giant.
December 17, 2021
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.