{"id":82052,"date":"2022-07-15T01:47:39","date_gmt":"2022-07-15T05:47:39","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82052"},"modified":"2022-07-15T01:35:47","modified_gmt":"2022-07-15T05:35:47","slug":"bank-of-america-fined-225-million-over-unemployment-benefits-program","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/bank-of-america-fined-225-million-over-unemployment-benefits-program.html","title":{"rendered":"Bank of America fined $225 million over unemployment benefits program"},"content":{"rendered":"\n<p>(CNBC) Federal regulators fined Bank of America $225 million for \u201cbotching the disbursement of state unemployment benefits at the height of the pandemic,\u201d the subject of a <a href=\"https:\/\/www.cnbc.com\/2021\/07\/16\/unemployment-how-fraudsters-stole-benefits-from-recipients-accounts.html\">CNBC investigation<\/a> last year.\u00a0 The Consumer Financial Protection Bureau fined the firm <a rel=\"noreferrer noopener\" href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/federal-regulators-fine-bank-of-america-225-million-over-botched-disbursement-of-state-unemployment-benefits-at-height-of-pandemic\/\" target=\"_blank\">$100 million<\/a> and, in a separate order, the Office of the Comptroller of the Currency is fining the bank <a rel=\"noreferrer noopener\" href=\"https:\/\/www.occ.treas.gov\/news-issuances\/news-releases\/2022\/nr-occ-2022-84.html\" target=\"_blank\">$125 million<\/a>. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/14\/-bank-of-america-fined-225-million-over-unemployment-benefits-program.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Federal regulators fined Bank of America $225 million for \u201cbotching the disbursement of state unemployment benefits at the height of the pandemic,\u201d the subject of a CNBC investigation last year.\u00a0 The Consumer Financial Protection Bureau fined the firm $100 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82052","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82052"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82052\/revisions"}],"predecessor-version":[{"id":82053,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82052\/revisions\/82053"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}