> Bank verification issues delay unemployment benefits for Coloradans
Bank verification issues delay unemployment benefits for Coloradans
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Description
Colin Waters cleared what he thought was the toughest hurdle to get unemployment benefits in Colorado. The state verified his identity and he was approved to receive the benefits.
But the next hurdle came as he chose how he wanted to receive those benefits. The system rejected his bank information for direct deposit.
“This money is supposed to be given to me as the individual to help pay mortgage, child care, everyday expenses,” he said. “And right now, the best way for us to do that is to get it through direct deposit - which doesn't work right now.”
Waters is a victim of a newer bank verification system implemented by the Colorado Department of Labor and Employment (CDLE). The department told Steve On Your Side on Tuesday that it implemented bank verification to reduce the number of fraud holds on benefits that have plagued Colorado’s unemployment system for years following the pandemic.
Read more: https://www.9news.com/article/money/consumer/steve-on-your-side/colorado-bank-verification-delay-unemployment-benefits/73-61662f06-b232-4482-b797-d9dd7496b1b1
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