The CFPB said Wednesday that New York-based Wise misled customers by advertising inaccurate ATM fees and failed to refund remittance fees when customers sent money that did not arrive on time. Wise, a ...

“By deceiving customers, Wise gave itself an unfair advantage over other competitors in the remittances market,” former CFPB Director Rohit Chopra said in a Jan. 30 statement. “New ...

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 ...

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 ...

The sudden halt to CFPB's works leaves much of consumer finance, from mortgage companies to payment apps, unsupervised.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. London-headquartered Wise illegally advertised inaccurate ...

UK-based Fintech Wise (LON: WISE) has been penalized by the Consumer Financial Protection Bureau (CFPB). Wise has been ordered to pay $2.5 million for claims of failing to provide disclosures to ...

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 include ...