The Consumer Financial Protection Bureau amended its January 30, 2025 consent order with Wise, an international remittance company. The amendment resolves claims that Wise advertised inaccurate fees and failed to properly disclose exchange rates and other costs. The action updates the company's obligations to ensure transparent fee disclosures.
Why it matters: The amendment reinforces accurate fee and cost disclosures for remittance services, protecting consumers from misleading advertising.
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