WHAT: Bank of America, which is contracted to administer South Carolina’s unemployment benefits, has been accused of charging low-income users numerous prepaid debit card fees not allowed in other states with similar arrangements.HOW: Bank of America charges South Carolina prepaid debit card users $1.50 to visit an out-of-network ATM. Unemployed people living in rural areas without BofA branches must either drive long distances or pay the fees to get their cash.
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WHAT: Newly released U.S. Labor Department figures show that states improperly paid nearly $19 billion in unemployment benefits to recipients who weren’t eligible to get the money. WHERE: The highest error rates were found in Virginia, Indiana, Colorado, Washington, Louisiana and Arizona. Wrong payments took more than 10 percent of the $180 billion in nationwide benefits in the past three years.
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When Republicans and Democrats clashed last year over whether to extend jobless benefits for the long-term unemployed, the question was over funding -- should we add to the debt or should we use unexpended stimulus money? Well, now that state unemployment-insurance trust funds are running dry, President Obama has finally announced his solution: Allowing the states to increase taxes on business.
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URL: http://www.sfexaminer.com/taxonomy/term/206?page=0%2C0%2C0%2C1
