Bank of New York Mellon

Bank of New York Mellon

CFPB Dismisses Lawsuit Against Comerica Bank Over Federal Benefits Card Program

| Importance: 8/10

The CFPB dismissed a lawsuit against Comerica Bank that had accused the bank of systematically mistreating 3.4 million federal benefits cardholders through disconnected customer service, illegal fees, and mishandled fraud complaints. The lawsuit, originally filed in December 2024 by then-Director …

Donald Trump Trump Administration Rohit Chopra Comerica Bank Bank of New York Mellon regulatory-capture government-contracts justice-weaponization cfpb trump-administration
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FinCEN Files Reveal $2 Trillion in Suspicious Banking Transactions

| Importance: 9/10

On September 20, 2020, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, exposing over $2 trillion in suspicious financial transactions between 1999 and 2017. The investigation, involving 2,657 leaked documents and 2,121 suspicious …

FinCEN BuzzFeed News International Consortium of Investigative Journalists Jason Leopold Deutsche Bank +7 more money-laundering banking financial-crime regulatory-failure suspicious-transactions +4 more
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