The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot ...

“By deceiving customers, Wise gave itself an unfair advantage over other competitors in the remittances market,” former CFPB Director Rohit Chopra said in a Jan. 30 statement. “New ...

On January 30, 2025, the CFPB ordered Wise, an international remittance company, to pay almost $2.5 million in connection with allegations of illegal activities, including advertising inaccurate ...

The sudden halt to CFPB's works leaves much of consumer finance, from mortgage companies to payment apps, unsupervised.

A fine by the Consumer Financial Protection Bureau (CFPB) against the U.S arm of London-based foreign exchange company Wise could be one of the agency’s final actions as a new regulatory regime ...

Payment companies are investing more in technology such as AI, while tech firms such as Meta, Apple, Google are expanding ...

As the Trump administration hacks away at government agencies, many employees who were cut are left fearing for their future ...

The bureau has also taken an aggressive approach to enforcement, suing major banks over fraud on the Zelle P2P payments app and, just last month, hitting Block and Wise with big fines. Chopra's ...

Shuttering the Consumer Financial Protection Bureau will leave service members who rely on the agency’s accountability ...

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has fined international remittance provider Wise nearly $2.5 million for misleading advertising, failure to disclose fees ...