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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 ...

Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company misled ...

The Bureau alleged the Company led consumers to believe they would experience lower ATM fees when many actually faced higher charges. The CFPB claimed thousands of consumers were overcharged ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...

On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in "take it or leave it" consumer contracts that purport ...

Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...

and the company failed to fully disclose ATM and other fees linked to debit cards the company offered, the CFPB said in a Thursday consent order. Wise violated the CFPB’s remittance and prepaid card ...

In 2022, the CFPB said it spotted violations across some ... had improperly denied mortgage loan modifications, miscalculated fees, unfairly froze consumer accounts and unfairly charged overdraft ...