CFPB and Federal Government Sue Comerica Bank Over Treatment of Benefits Recipients
The Consumer Financial Protection Bureau (CFPB) and federal authorities have filed lawsuits against Comerica Bank, alleging that the financial institution systematically failed to properly manage federal benefits programs for disabled and elderly Americans. The lawsuits claim that Comerica abused and neglected vulnerable customers dependent on prepaid cards for their federal benefits, causing harm and distress to recipients. These legal actions come amid increasing scrutiny and regulatory challenges for Comerica Bank, highlighting significant allegations of fraud and service failures in handling government assistance programs.
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