Sen. Elizabeth Warren, D-Mass., wants the Treasury Department to improve fraudulence security into the Direct Express program that is prepaid now a partnership involving the Texas-based Comerica Bank while the U.S. federal federal federal government — once the system’s agreement is rebid in 2020.

In a page become delivered to Treasury Secretary Steven Mnuchin, Warren said hundreds of federal benefits recipients were victims of fraud in the program administered by Comerica thursday. Direct Express enables users without bank reports to get into their funds through prepaid cards.

“The fraudulence detection and reimbursement procedure when you look at the Direct Express system must be analyzed with close scrutiny,” Warren wrote into the page, a draft content of that has been obtained by US Banker. Continue reading →