Comerica Sued Over Abuses of Federal Benefits

Comerica, a major financial services company, has been sued for allegedly abusing federal benefits meant for low-income families. The lawsuit claims the company took advantage of its customers by charging excessive fees and interest rates on government-backed loans.

The lawsuit was filed by a group of Comerica customers who claim the bank's practices led to financial hardship and even foreclosure. Comerica allegedly targeted vulnerable families with high-interest loans, making it difficult for them to pay back the debt.

Comerica has not commented on the lawsuit, but the allegations raise serious concerns about the bank's business practices. The lawsuit seeks damages and changes to Comerica's lending policies.

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Comerica was sued by the Consumer Financial Protection Bureau (CFPB) over allegations of deceptive mortgage practices.

The CFPB alleged that Comerica, along with its subsidiaries, charged consumers unnecessary fees.

Comerica allegedly charged consumers for services they didn't receive or need, such as title insurance and appraisal fees.

This behavior is a clear example of deceptive practices that can harm consumers.

The CFPB is seeking relief and damages for affected consumers.

Comerica's actions were reportedly widespread, affecting thousands of consumers across multiple states.

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Comerica's handling of federal benefits has raised concerns about potential abuses.

The company has been involved in a lawsuit alleging that it unfairly charged fees to customers receiving federal benefits, such as Social Security checks.

Comerica has also been accused of not properly disclosing these fees to its customers.

This lack of transparency can lead to customers being unaware of the extra charges they're incurring.

Comerica has a large customer base, with millions of account holders, making this a significant issue.

The lawsuit claims that Comerica's actions resulted in customers being overcharged by thousands of dollars.

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