Comerica Bank N.A, OCC Enters Agreement Over Compliance Issues (Revised)

Comerica Bank & Trust, N.A entered into an enforcement agreement with the Office of the Comptroller of the Currency (OCC). This relates to the bank's unsafe and unsound practices concerning the risk governance framework and internal controls. Per the agreement, Comerica Bank, N.A has to set up a compliance committee to demonstrate its implementation of proper board oversight and corporate governance to OCC. To ensure accurate reporting of financial transactions, Comerica Bank, N.A is required to implement a ...