The CFPB dropped a series of lawsuits at the end of February as the Trump administration continues to muzzle the federal ...

The CFPB then in February 2022 highlighted certain issues where Wise claims it had “inadvertently been operating in ways the Bureau deemed necessary to address.” Wise said that it ...

“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 ...

A fine by the Consumer Financial Protection Bureau (CFPB) against the U.S arm of London-based foreign exchange company Wise could be one of the agency’s final actions as a new regulatory regime ...

Trump's decision to stop work at the agency appears to have halted compensation, according to the Student Borrower Protection Center in Washington.

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 ...

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 ...

The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot ...

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 include ...

The CFPB's operating funds are drawn from the Federal ... American Honda Finance Corporation and the money transfer business Wise, which were together ordered to pay $85.8 million - to submit ...