- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Sen. Elizabeth Warren (D-Mass.) is urging government officials to respond and react to allegations that Social Security beneficiaries were the victims of fraud through their use of a government program administered by Comerica Bank.
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Comerica Bank has been battling allegations for years of mishandled fraudulent transactions in violation of U.S. federal banking laws. A series of class-action lawsuits against the bank recently certified by a federal district court judge provide scope into the alleged failings.
Sen. Elizabeth Warren (D-Mass.) has sent a letter to Eddie Lampert, chairman of Sears Holdings, asking him for “a long-term plan to protect workers” as the legendary retailer faces bankruptcy proceedings.
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau.
