All articles tagged with #edd
The California Employment Development Department (EDD) has clarified that it is not banning loan out corporations in the state, despite concerns raised by Hollywood guilds and payroll agencies. The EDD emphasized its commitment to supporting the film and television industry and ensuring tax compliance, while continuing dialogue with industry representatives to address their concerns.
The California Employment Development Department (EDD) is replacing Bank of America with financial provider Money Network for distributing unemployment benefits, disability, and Paid Family Leave benefits. Money Network will issue prepaid debit cards with microchips and introduce a new direct deposit option. The official switch will occur on Feb. 15, 2024, but claimants can continue using their current Bank of America prepaid debit cards for now. The EDD will notify claimants through letters and various channels about the transition.
Internal documents obtained by CalMatters reveal the failures and missed opportunities that led to one of the largest suspected frauds in U.S. history during California's unemployment crisis. The California Employment Development Department (EDD) missed red flags and failed to make necessary changes before the pandemic, while the state and its top contractors, Bank of America and Deloitte, continued to profit but were slow to deliver relief. The EDD's outdated technology, lack of anti-fraud measures, and delayed application processes allowed scammers to exploit the system, resulting in billions of dollars lost to fraud and delayed or denied benefits for millions of workers. The EDD and its contractors collected millions of dollars from the flawed system, while workers suffered financial instability and hardship. The fallout from the unemployment crisis continues, with ongoing lawsuits and unanswered questions about the extent of the fraud and who will be held accountable.