The U.S. Department of Treasury had contracted exclusively with Comerica has since 2008 to administer the Direct Express program. The card enables people who don't have bank accounts to receive ...

for systematically failing its 3.4 million Direct Express cardholders - primarily unbanked Americans receiving federal benefits. Comerica Bank, according to the CFPB, deliberately disconnected 24 ...

Comerica's contract with Treasury to operate the Direct Express program expired on Jan. 2. The Bank of New York Mellon was set to take over the lucrative contract the following day. During Comerica's ...

Comerica's shares have been mixed ... if not for the loss of a government contract, providing the Direct Express card. Q4 results were buoyed by this segment as it added $1.3 billion of Direct ...

including Comerica Bank, Charter One, Privileged Status, Alliance One, PNC Bank, Mastercard ATM Alliance and MoneyPass. "The Direct Express card is not a bad card and does not have a lot of fees ...

Comerica had around $3.5 billion of average non-interest-bearing deposits related to Direct Express in the fourth quarter. We think the transition period offers the bank an opportunity to grow its ...