AOL

Comerica Bank faces lawsuit, accused of illegal fees, harming Direct Express cardholders

Comerica Bank is being accused of deliberately hanging up on customer service calls, charging illegal ATM fees and more allegations involving seniors, the disabled and others who use the Direct ...
American Banker

Comerica to settle Direct Express fraud class-action lawsuit for $1.2 million

Comerica Bank has agreed to a proposed $1.2 million settlement to resolve a class-action lawsuit alleging the bank denied refunds to prepaid cardholders who claimed their government benefits were ...
Banking Dive

Comerica names next risk chief

Kristina Janssens, a nine-year Flagstar veteran, had been Comerica’s chief compliance officer since 2023. Her predecessor in ...
AOL

Comerica Bank abused and neglected customers who relied on prepaid debit cards, watchdog finds

The Consumer Financial Protection Bureau on Friday charged Comerica Bank with abusing and neglecting vulnerable customers who receive federal benefits. “The CFPB is suing Comerica Bank for illegally ...
American Banker

Comerica likely won't be able to renew lucrative Treasury contract

Comerica first won the contract for the Treasury Department's Direct Express prepaid card program in 2008, then renewed it in 2014 and again in 2020. Comerica Bank has received notice from the ...
Seeking Alpha

Comerica Bank Statement on Direct Express Program Transition

DALLAS, Nov. 21, 2024 /PRNewswire/ -- Comerica Bank has issued the following statement regarding today's announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent ...
Econostrum on MSN

Direct Deposit or Direct Express? How Federal Benefit Payments Are Changing Before 2025

Federal benefit recipients will soon be required to choose between Direct Deposit and the Direct Express debit card as ...
Investopedia

CFPB Sues Comerica Bank For Allegedly Mishandling Disabled and Older Americans' Accounts

The Consumer Financial Protection Bureau (CFPB) is suing Comerica Bank for deliberately disconnecting customer service calls, charging illegal fees, disregarding and ...
Seeking Alpha

Comerica reportedly points to inaccuracies in Direct Express article

American Banker's article earlier this week on Comerica (NYSE:CMA) violating compliance rules for the Treasury Department’s Direct Express program was “based on dated information that is incomplete ...
Morningstar

Net Interest Income Pressure and Likely Loss of Direct Express Weigh on Comerica but Shares Cheap

Comerica is predominantly a commercial-focused middle-market bank, with over 90% of loans related to commercial lending and the majority of these related to its middle-market business. While the bank ...
Morningstar

Comerica: Will Face Pressure From the Potential Loss of Direct Express; Shares Fairly Valued

We are transferring coverage of Comerica and lowering our fair value estimate to $59 per share from $63. We lower our moat rating to none from narrow and maintain our Standard Morningstar Capital ...
Nasdaq

Comerica issues statement on Direct Express program transition

Comerica (CMA) Bank has issued the following statement regarding the announcement by the Treasury Bureau of the Fiscal Service of its new selected financial agent for Direct Express program: “We have ...