Comerica

CFPB Withdraws Lawsuit Against Comerica Bank, Keeping Door Open for Future Actions

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Dallas, Texas — A significant legal action involving Comerica Bank and the Consumer Financial Protection Bureau (CFPB) was recently dismissed, signaling a shift in enforcement strategies under different U.S. presidential administrations. The CFPB opted to drop a lawsuit against Comerica without explanation, a move that allows for the case to potentially be reopened in the future. This legal decision follows a Texas judge’s refusal last month to pause the lawsuit, criticizing the bureau’s lack of justification for how a stay would serve the cause of justice. Originally, the CFPB filed a single-sentence dismissal at the … Read more

US Court Rejects CFPB Request to Pause Legal Battle with Comerica Bank

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A federal judge in the United States has recently ruled against the Consumer Financial Protection Bureau’s (CFPB) request to temporarily pause its lawsuit against Comerica Bank. The CFPB, a government agency tasked with consumer protection in the financial sector, had launched a legal challenge against the bank concerning its practices related to handling prepaid cards. The denial of the motion to stay by the judge implies that the lawsuit will proceed without delay. Prior to this development, the CFPB had intended to halt the lawsuit temporarily, possibly to fine-tune its arguments or await the outcomes … Read more