Consumer Financial Protection Bureau
CFPB Amends Wise Order for Remittance Practices
May 15, 2025
Summary
The CFPB has amended a consent order with the remittance provider Wise to address ongoing failures in disclosing accurate fees and exchange rates to consumers. This update reinforces regulatory expectations regarding transparent cost disclosure in international payment transfers.
Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-amends-wise-order-for-remittance-practices/
Common questions
- What does "CFPB Amends Wise Order for Remittance Practices" cover?
- The CFPB has amended a consent order with the remittance provider Wise to address ongoing failures in disclosing accurate fees and exchange rates to…
- Which agency issued this update?
- This update was issued by Consumer Financial Protection Bureau.
- When was it published?
- It was published on May 15, 2025.
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