The Consumer Financial Protection Bureau issued an amended consent order on May 15, 2025, superseding its January 30, 2025 order against Wise. The amendment requires Wise to pay a revised civil penalty of approximately $45,000 and to redress harmed consumers. The change aligns the penalty with the Consumer Financial Protection Act and recent guidance rescissions.
Why it matters: The amendment demonstrates CFPB enforcement of consumer‑financial protection rules for remittance providers and adjusts penalties based on updated legal guidance.
Summary generated from the sources below. Check the primary source before relying on it; this is not legal advice.
