CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance …
1 day ago · The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.
Wise to Pay $2.5 Million in CFPB Remittance Fee Settlement
15 hours ago · Global cross-border payments company Wise Plc agreed to a $2.5 million settlement with the Consumer Financial Protection Bureau for advertising incorrect fees and failing to properly disclose exchange rates and other costs.
Wise US Inc. - Consumer Financial Protection Bureau
1 day ago · On January 30, 2025, the Bureau issued an order against Wise US Inc., a nonbank remittance transfer provider headquartered in New York, New York.
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance …
3 hours ago · The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs. Wise allows customers to send, receive, and store remittances through a mobile app and prepaid accounts and debit cards. The CFPB ...
Wise fined $2.5mn in US for misleading fee advertising
3 hours ago · It added: “While Wise strongly disagrees with the CFPB’s characterisation of Wise’s conduct, we worked with the CFPB in good faith to conclude the matter”.
CFPB orders Wise to pay $2.5M for illegal remittance practices
13 hours ago · The Consumer Financial Protection Bureau ordered digital remittance provider Wise U.S. Inc. to pay $2.5 million for advertising inaccurate fees and failing to properly disclose exchange rates, a characterization that the company said it disagreed with. The CFPB said Wednesday that New York-based ...
CFPB imposes USD 2.5 million fine on Wise for illicit remittance ...
2 hours ago · Wise, an international remittance company, has been ordered by the CFPB to pay a USD 2.5 million fine due to conducting illegal remittance practices.
Wise Reaches $2.5M CFPB Deal Over Disclosure, Fee Issues
9 hours ago · The CFPB's order resolves findings from several years ago involving Wise US Inc., the American arm of London-based Wise PLC, which serves more than 3 million U.S. consumers through its mobile app ...
CFPB orders Wise to pay over $2m - finextra.com
16 hours ago · Money transfer platform Wise has been hit with a $2.5 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.
UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU File No. 2025-CFPB-0004 In the matter of: WISE US INC. STIPULATION AND CONSENT TO THE ISSUANCE OF