Feds Demand Banks Hold Unemployment Fraud Funds

The feds are cracking down on unemployment fraud that ballooned during the pandemic, demanding banks hold onto prepaid debit card funds and threatening states with funding cuts if they don’t tighten up. With hundreds of millions lost in key states and the Government Accountability Office estimating 11-15% of payouts were fraudulent, governors are on notice: fix the system or face serious consequences. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18925075a38d4138