Regulators are fining Bank of America $225 million for bungling the distribution of unemployment benefits amid the pandemic, and are ordering the bank to compensate more than 100,000 people in a dozen ...

Since the prepaid card’s arrival more than 20 years ago, numerous industry participants have experienced high-profile snafus. The latest is Bank of America, which is under investigation by federal ...

Bank of America has been slapped with $225 million in penalties by federal authorities for “unfair and deceptive practices” related to customers’ unemployment benefits programs. On Thursday, the ...