Comerica Inc

CMA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Vxyrfkk	Ykkxtnm

Comerica: Potential Legal and Regulatory Issues Not Ideal but Manageable

Eric Compton

May 30, 2023

A May 29 American Banker report details compliance issues related to Comerica’s handling of a Treasury Department program known as Direct Express. Comerica has been involved in this program, which is a way for people without a bank account to receive federal benefits, for years. Complaints about the program have bubbled up in the past, and there are several lawsuits outstanding. However, there were some new details in this report.

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