Billion-Dollar Bank To Hand Out $1,956,000 To Settle Lawsuit Accusing the Lender of Improperly Rejecting Claims for Fraudulent Mastercard Transactions

A billion-dollar banking institution is handing out nearly $2 million to settle a class action lawsuit accusing the bank of improperly denying fraudulent transactions.

In the case of Paula Sparkman v. Comerica Bank, et al., despite accusations of Comerica Bank violating the Electronic Funds Transfer Act, Comerica Bank has denied any wrongdoing.

“The lawsuit claims that Comerica Bank and Conduent State & Local Solutions, Inc. violated the Electronic Funds Transfer Act, violated the California Unfair Competition Law, and breached their contract by denying California Way2Go cardholders’ disputes involving alleged unauthorized transactions for conflicting information. Comerica Bank and Conduent State & Local Solutions, Inc. deny that they did anything wrong.”

However, in order to settle the dispute, Comerica has agreed to pay out nearly $2 million to members of the class action lawsuit.

“Comerica Bank and Conduent State & Local Solutions, Inc. have agreed to create a $1,956,000.00 Settlement Fund to be divided among all the Settlement Class Members. This money will also be used to pay for costs and fees approved by the Court, including the cost of administering this settlement.”

Members of the suit will be notified by postcard, according to the lawsuit’s FAQ webpage.

“The postcard notice and this website tell you about the settlement of a class action lawsuit, Paula Sparkman v. Comerica Bank, et al. brought on behalf of all persons issued a California Way2Go Prepaid Mastercard who had their unauthorized transfer dispute denied for conflicting information.”