The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
Matt McLennan, co-head of First Eagle's global value team, and Bill Adams, chief economist at Comerica, join CNBC's 'The Exchange' to discuss the Fed's path for rate cuts, what they see in recent economic data, and more.
Best Income Stocks to Buy for December 10th
WTBA, CMA and MS made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 10, 2024.
Best Value Stocks to Buy for December 10th
PLBC, CMA and POWL made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 10, 2024.
Comerica's Unit Sued on Failing to Administer Federal Benefits Program
CMA's subsidiary Comerica Bank is sued by CFPB over the allegation of mishandling millions of Direct Express cardholders receiving federal benefits.
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and charging illegal ATM fees. The agency's complaint centers on the Direct Express program, which Comerica Bank has administered on behalf of the Department of the Treasury since 2008 and enables about 3.
CFPB sues Comerica Bank for failing to administer federal benefits program
The Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the 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.
U.S. Sues Comerica Bank Over Treatment of Federal Benefits Users
The CFPB accused the Comerica banking subsidiary of deliberately hanging up on millions of Direct Express cardholders' customer service calls, impeding them from exercising their legal rights, charging them with illegal ATM fees and mishandling their fraud complaints.
UK's CMA Says Apple and Google Policies ‘Hold Back Innovation'
Apple and Google may face a formal investigation into their mobile ecosystem policies in the United Kingdom after a provisional study found that these policies are “holding back innovation.” Following an investigation launched in 2022, an independent inquiry group of the U.K.
Baby milk formula suppliers face direct price action unless competition improves, says CMA
Companies involved in the supply of baby formula milk could face direct government action to lower prices unless the way it is sold and marketed improves, consumer watchdog the CMA said today. In a series of recommendations, the CMA has proposed 'backstop' measures including controls and public provisions that will give the government power to intervene and force prices lower directly if deemed necessary.
Comerica Rewards Shareholders With New Share Repurchase Plan
CMA announces an additional 10 million share repurchase authorization to its current buyback program, enhancing shareholders' confidence in the stock.
Final Trades: Comerica, Amazon, Disney, Leidos Holdings and Dupont
The Investment Committee give you their top stocks to watch for the second half.
Best Income Stocks to Buy for October 29th
SWDBY, UMC and CMA made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 29, 2024.
