Tag: COVID-era
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U.S. Bank fined $36M over freezes of COVID-era unemployment benefits
A recent incident involving U.S. Bank has resulted in a hefty fine of $36 million. The bank was penalized due to its repeated disruptions in distributing COVID-era unemployment benefits. The COVID-19 pandemic brought about an unprecedented surge in unemployment across the United States. To help mitigate the financial hardships faced by the unemployed, various government…