CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices
CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices. In a landmark ruling, the Consumer Financial Protection Bureau (CFPB) has ordered the international remittance company, Wise, to pay a hefty fine of $2.5 million after discovering a series of illegal actions, including deceptive advertising, misleading fees, and failure to properly disclose crucial costs […]