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Mobile financial services

Money
National

Wise Faces $2.5M Penalty for Misleading Money Transfer Practices

February 3, 2025February 3, 2025 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has fined international remittance provider Wise nearly $2.5 million for misleading advertising, failure to disclose fees accurately, and other violations of …

Wise Faces $2.5M Penalty for Misleading Money Transfer Practices Read More

Consumer Financial Protection Bureau (CFPB)
National

CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule

November 29, 2024November 29, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule to enhance oversight of the largest nonbank companies facilitating digital payments and wallets. This move addresses the …

CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule Read More
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