EDD changes the institution it uses for handling payments

Name: EDD changes the institution it uses for handling payments
Uploaded: 2023-12-04T18:41:00-0800
Duration: 41 s
Description: After billions of dollars worth of fraud during the pandemic, California's Employment Development Department announced some major changes. A new contractor called Money Network will now handle unemployment payments and other benefits—replacing Bank of America, which drew criticism for the billions of dollars stolen by scammers.

After billions of dollars worth of fraud during the pandemic, California's Employment Development Department announced some major changes. A new contractor called Money Network will now handle unemployment payments and other benefits—replacing Bank of America, which drew criticism for the billions of dollars stolen by scammers.