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CFPB fines Wise $2.5 million for allegedly misleading remittance fees
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Banking, Consumer Protection
Tuesday, February 4, 2025
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During the last week of Rohit Chopra’s tenure as director of the Consumer Financial Protection Bureau, the agency ordered the international remittance company Wise to pay almost $2.5 million to settle claims it had misled U.S. consumers about a variety of fees and failed to issue timely refunds when warranted.
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