The bureau was to monitor Bank of America for five years in connection with a $12 million penalty it paid for allegedly ...

The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.”. Those actions ...

The CFPB ordered Wise to reimburse customers $450,000 and pay a $2.025 million fine. Wise said it voluntarily reimbursed the majority of customers in 2022 and cooperated fully with the CFPB's ...

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a statement pertaining to an enforcement action against global Fintech Wise. The action arrived with a $2.5 million penalty for ...

Wise fined $2.5 million by the CFPB for misleading customers ot its fund transfer service about ATM fees, exchange rates and other charges. Image (c) ConsumerAffairs Share ...

However, the CFPB noted that Wise must still set aside approximately $450,000 in a segregated account as redress for affected consumers. A Wise spokesperson confirmed the fintech has voluntarily ...

The Consumer Financial Protection Bureau (CFPB) today amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate ...

Wise has shared a statement with CI in support of the CFPB’s decision. Via a spokesperson, Wise shared their opinion: “The finalized rule from the CFPB on open banking is a crucial step ...

The CFPB then in February 2022 highlighted certain issues where Wise claims it had “inadvertently been operating in ways the Bureau deemed necessary to address.” Wise said that it ...

The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Specifically ...