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 ...

AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

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

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.

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

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, ...

States have passed new laws and hired ex-bureau staff, but some suggest the shift is more evolutionary than revolutionary.

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.

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

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 ...