EDD debit card fraud $2 billion Archives

EDD Suspends 1.4 Million Unemployment Claims Due To $2 billion Fraud Concerns

January 8, 2021 2:17 amJanuary 8, 2021 11:13 am

Multiple reports from the Employment Development Department (EDD) Wednesday found that over 1.4 million unemployment claims in California have been frozen since the New Year due to concerns over fraud. The EDD has been battling fraudulent cases all year, with...

California Lost $2 Billion From Fraudulent EDD Unemployment Cards Since March

December 8, 2020 9:39 pm

On Monday, Bank of America, the bank selected by the Employment Development Department (EDD) to be behind their unemployment benefit debit cards, announced that fraudulent cases could be as much as $2 billion. The EDD estimate of the fraudulent cases,...