Bank Of America

Good morning, California. It’s Friday, November 20. Limited lockdown Starting Saturday night, nearly all Californians will be subject to a curfew aimed at curbing a statewide surge in coronavirus infections. Under the terms of the “limited stay-at-home order” Gov. Gavin Newsom unveiled Thursday, nonessential work and gatherings will be prohibited between 10 p.m. and 5 […]

After the Great Recession, California signed an exclusive contract with Bank of America to distribute unemployment benefits through prepaid debit cards. A CalMatters investigation reveals that to this day, no one knows how much the bank has made off the deal. Lawmakers are examining the bank’s role in mass account freezes and untold amounts of missing money for thousands of struggling jobless Californians — as well as where the bank may have failed to keep unemployment money safe from fraud.