CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
January 30, 2025
January 30, 2025
WASHINGTON, Jan. 30 -- The Consumer Financial Protection Bureau issued the following news release:
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CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
Washington, D.C. - 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. . . .
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CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
Washington, D.C. - 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. . . .