CFPB sues Comerica Bank for failing to administer federal benefits program [CNBC]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: CNBC
The lawsuit claims Comerica Bank “intentionally terminated” more than 24 million customer service calls, charged over 1 million cardholders ATM fees they didn't owe and mishandled fraud complaints. The Direct Express program is a prepaid card that beneficiaries, many of whom are older and disabled, can use to pay for expenses including groceries and gas. The Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank , accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica Bank “intentionally terminated” more than 24 million customer service calls, charged over 1 million cardholders ATM fees they didn't owe and mishandled fraud complaints while providing federal benefits through the Direct Express prepaid debit card program. “By deliberately disconnecting millions of calls and harvesting illegal junk fees, Comerica boosted its bottom line at the expense of Americans l
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CMA
News
- Comerica's (NYSE:CMA three-year decrease in earnings delivers investors with a 18% loss [Yahoo! Finance]Yahoo! Finance
- Comerica Incorporated (NYSE: CMA) is now covered by analysts at UBS Group AG. They set a "sell" rating on the stock.MarketBeat
- COMERICA INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Comerica Incorporated’s Directors and Officers for Breach of Fiduciary Duties – CMABusiness Wire
- The Fed is likely to ‘go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams [CNBC]CNBC
- Comerica Incorporated (NYSE: CMA) had its price target raised by analysts at Compass Point from $64.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
CMA
Earnings
- 10/18/24 - Beat
CMA
Sec Filings
- 12/9/24 - Form 8-K
- 12/4/24 - Form 4
- 12/2/24 - Form 4
- CMA's page on the SEC website