The CFPB amended its January 30, 2025 consent order with Wise, an international remittance company, to address claims of inaccurate fees and inadequate disclosure of exchange rates and costs. The amendment clarifies the terms of the original settlement, ensuring compliance with regulatory standards for transparent remittance practices.
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Media Coverage · April 18, 2026
The court issued an order.
newspaper Read articleCFPB Amends Wise Order for Remittance Practices WASHINGTON, D.C. – 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 fees and failing to properly disclose exchange rates and other costs. Wise allows customers to send, receive, and store remittances through a mobile app and prepaid accounts and debit cards. The CFPB initiated an administrative action that
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The court issued an order.
CFPB Amends Wise Order for Remittance Practices WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today amended its January 30, 2025 consent order with the international remittance company Wise …
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