One opinion on the widespread fraud is that Bank of America could have prevented it if it had used the current best security standards and issued the cards with EMV chips, rather than using what the complaint calls outdated, fraud-prone magnetic stripe technology. The bank uses EMV chips in its own debit cards, calling it an important tool in increasing card security., According to the complaint, Bank of America has violated California laws and Regulation E of the Electronic Funds Transfer Act; has negligently failed to warn EDD cardholders about the risks associated with its EDD cards and accounts; and has negligently performed its contract with the California EDD, among other violations of law.. Now my EDD payments are stuck in pending and was paid for one of the 2 weeks I certified for and cant get thru to EDD. Mosson says Bank of America handouts debit cards to unemployment claimants that dont have a chip, leaving them exposed to skimming and other methods hackers use to steal private financial data. I have never felt more unimportant and never has customer service had such a sense of disregard towards their customers. What I dont understand how can someone withdrawal money from my account when I have the card with me. on March 17. Why do we have to be treated as second-hand citizens and have to wait 45 days before we get an answer if we get our money back? 3:16-CV-00492-L-WVG (the "Action"). I proceeded to insert my card into the machine at teller booth and she said even my withdrawals are being declined and she has never seen anything like that happen. Cancelled card and sent me a new one however I just received a letter dated the day after i called to report fraud closing claim and blocking access to my funds remaining in my account. Please include me in this lawsuit! "Bank of America was required to provide secure accounts for unemployment payments,but failed to provide basic security measures, such as industry-standard chip technology to safeguard EDD debit cards," said a statement from attorney Brian Danitz of Cotchett, Pitre & McCarthy law firm. The Claims representative said I was liable for the stolen funds. Weve had Representatives having private conversations in the background. This is not fair I have done nothing wrong and I would like my funds released in my bank account closed because I will never do business with Bank of America ever again. `840 Malcolm Road, Suite 200 `Burlingame, CA 94010 `Telephone: (650) 697-6000 `Fax: (650) 697-0577 ` `Attorneys for Plaintiff and `the Proposed Class ` ` `UNITED STATES DISTRICT COURT ` `FOR THE NORTHERN DISTRICT OF CALIFORNIA ` ` `JENNIFER YICK, on behalf of herself `and all others similarly situated, ` ` `Plaintiff, ` ` `v. ` And when I call them to get my account unfrozen they refer me to the azui call center who then tells.ke to call the bank. App users: For a better experience, click here to view the full map in a new window, A look at the best video roundup of snow falling across California, Has CA hit the all-time state snow record? that reports on class action lawsuits, class action settlements, . This f****** motherfuker got to be f****** kidding because I just did that with my valid ID that I drove 6 hours to go get to verify myself I got no damn gas I need my money what else do you want from me. They completely locked me out of my own account two axes my own my fund and when I did go and ran my debit card at the atm, it shows a negative balance of 29 99 million dollars. If you have lost money to scam anytime at all, there is a solution. Read our Newswire Disclaimer. Bank of America claims to have a Zero Liability policy in such situations, but the complaint says it does not appear to be applying it to the victims of the theft. I tried to make three transactions and they were declined. It was obviously not her as she didnt even file a claim. Bank of America (BoA)'s newest racially discriminatory program provides a casebook study in what "equity" is really about - racial discrimination perpetrated by billionaires against poor . I assumed this meant my money was refunded and all was well, but NOOOOO! This browser does not support PDFs. .
EDD Fraud: Bank of America Hit With Class-Action Suit This is a big one folks which needs to be exposed. I keep calling every other day and have to wait for hours and no answer still up to day no luck. A judge presiding over a class-action lawsuit against Bank of America ordered the bank to reopen all claims that were denied using an automated fraud filter and not an actual. My husband is disabled and Im his caretaker and we are very low income as is so this just sent me on and emotional downhill spiral. My 15 year old even got a few whoopings just in case it was him. I keep getting the run around when ever I talk to customer service. The representative assured me someone from the Closed Claims for Reconsideration Dept. The Oakland resident noticed unauthorized charges on his account in December and called Bank of Americas customer service to report the fraudulent charges, according to the complaint. The backlog and processing of unemployment claims continue to frustrate people who need it most. I have been a customer of Bank of America for most of my life and I have never had such poor customer service. Any help and getting this cleared up from anybody would be greatly appreciated numbers emails whatever cause the system is sickening. land lord doesnt want to hear it..and I cant blame him.BOA does seem to care. I called them immediately having to wait almost 3 hours to speak with someone. I want to be able to access my future benefits. Im still trying to recover the $400 taken from my edd bofa account. I did that. After weeks when I finally got throught to a boa rep. She told me that the System needed to Update and that once it did my funds would be added to my card..that never happenedfor the next few weeks I didnt recieve my $300 dollar deposits until the -$1300 balance was paid.!!! EDD benefits recipient with a Bank of America EDD prepaid debit card (an "EDD cardholder") who went to use their card only to discover that all the money in their Bank of America EDD account ("EDD account")oftentimes, the only money that they had to survivewas suddenly gone. Bullshit!! Bank of America has been practicing unlawful and illegal practices for years, according to a recent class action lawsuit filed by thousands of borrowers. Despite the security concerns associated with magnetic-stripe technology, Bank of America allegedly failed to include far more secure EMV chips on EDD debit cards, which the case claims are the only cards issued by the bank without such technology. Fraudulent charges Had 10 days to send back yada yada. I called boa n they told me it was a withdrawal at a boa atm. My account had fraud about 3500, in June ,Bank gave me back the money then B OF A .,froze my account, told me Edd did it , I called and Edd did not do it .. BofA then took all my money saying I owed them . Check out the latest Bank of America class action lawsuit updates and settlement news to find out if there are any potential lawsuits you can join. "With this agreement, we are committing to additional measures to help unemployment recipients who have been victimized by fraud receive their benefits as quickly as possible," Bank of America said in a statement to KPIX 5. At 9am I tried to pay for something online and my card was declined. I called them back and let them know that I was going to contact a lawyer because this process that they have is a joke. It was also done at a Wells Fargo atm while i was at work. In the meantime, CBS reported a San Francisco law firm has filed a class-action lawsuit against Bank of America alleging a number of failings by the bank and its inability to protect those with EDD cards from fraud. Literally called and stayed on hold from 8am-5pm and at exactly 5pm automated message said we are now closed and was disconnected. They told me to call the fraud department which I did. Read About More Class Action Lawsuits & Class Action Settlements: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Ive had $11,000 taken from my account, even after they closed and opened a new account. EDD has verified my ID and send everything to BofA EDD prepaid cards. On 3/13/2021 aproximately $1,003.00 was withdrawn from my BofA EDD account from a Wells Fargo atm, obviously without my permission, I didnt even know you could take that much out at once. I said that was unacceptable as I need to buy groceries for me and my children and I need to pay bills. Wow. She volunteered to go with me to the ATM on site informed her that the same issue happened with everybody else I talk to these all said that the card works and it doesnt. I opened a claim the following day first thing when they opened and reported all the unathorized charges. Ill join a class action suit against greedy Bank of America any day of the week, just tell me where to sign, I was hacked and found 3 atm withdrawals that I did not make. Ugh I hate bank of America!!! I have proof of when I contacted them.on each charge For months I havent had access to my funds . Because magnetic-stripe cards use the same transaction data each time a card is used, the cards are extremely easy for thieves to duplicate, the suit explains. I guess it just doesnt matter because Im sure in the eyes of the uppers at the banks I am just simply a sheep. Although the defendants advertise that Zelle, the countrys most widely used peer-to-peer money transfer service, allows for money sent to a consumers bank account to be available typically within minutes, the service has nevertheless been the subject of widespread consumer complaints from Bank of America customers who have claimed funds transfers were unexpectedly reversed in late January 2023, the complaint states. I immediately called Bank of America and they informed me that an ATM withdrawal on 3/30/21 in Altadena, CA was made for $980; which was my entire balance. That is because if you ignore a lawsuit then Bank of America (or whichever company is suing you) can obtain a legal judgment against you - called a "default judgment.". In January, Yick found an attorney to file the first class-action lawsuit related to security issues, freezing of accounts, and denials of provisional credit. All Rights Reserved. I am stressed to the maximum. One day later my claim was closed and the funds have never been reimbursed.