CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
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The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Comerica Bank, alleging violations related to the Direct Express program, including poor customer service and illegal ATM fees.
December 06, 2024 | 8:30 pm
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Comerica Bank is being sued by the CFPB for alleged violations in the Direct Express program, including hanging up on customer service calls and charging illegal ATM fees.
The lawsuit from the CFPB could lead to financial penalties and reputational damage for Comerica Bank, potentially affecting its stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100