SAN FRANCISCO (CBS SF) — A possible day of reckoning lies ahead for Bank of America, in connection with an epidemic of hacking attacks on unemployment debit cards that KPIX 5 was first to expose last fall.
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A federal judge says he is prepared to issue a preliminary injunction against the bank that would force it to unfreeze accounts and start paying victims back. But he’s giving the bank one more chance to work it out with plaintiffs in a class action lawsuit.
Statement from Bank of America spokesperson Bill Halldin:
“We appreciate the judge’s recognition of the difficult situation that EDD and Bank of America have faced given the pandemic and unprecedented criminal fraud as we continue to work to ensure legitimate claimants get the benefits to which they are entitled. We welcome the opportunity to discuss…