AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in ...

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 ...

Wise allegedly failed to provide for frequent independent review of its anti-money laundering program. Regulators also found ...

Earlier this month, as Republicans raced to get their “big, beautiful” billionaire tax cut package across the line, the ...

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.

On January 30, 2025, the CFPB ordered Wise, an international remittance company, to pay almost $2.5 million in connection with allegations of illegal activities, including advertising inaccurate ...

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, ...

In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.

President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial ...

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) today amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate ...

Wise allegedly misled customers about ATM fees and failed to disclose other fees. Wise also allegedly failed to refund remittance fees when funds did not arrive on time. The CFPB estimated at least 16 ...