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 UK-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 ...

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 ...

The U.S. unit of fintech Wise must pay the bureau $45,000 and roughly $450,000 in redress to affected customers – a far cry from the $2.5 million penalty issued in January.

Wise stated that it fully cooperated with the CFPB and immediately sought to resolve any issues with most addressed by November 2022. Wise said that on January 30, 2025, Wise reached an agreement ...

The CFPB has ordered Wise to pay $450,000 to harmed customers and another $2.025 million to the regulator's victims relief fund. “By deceiving customers, ...

The CFPB's ruling makes it clear that Wise needs a well-planned public relations effort. Baden Bower focuses on helping companies rebuild their reputations with direct messaging that clears up ...

Looking ahead, Wise encourages the CFPB to consider expanding the scope of this rule to cover broader financial accounts (such as savings and pension accounts, brokerage accounts, ...

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 ...