Consumer Bank Financial Defense Bureau (CFPB) beat the UK-based remittance company Wise versus About $ 2 million fine It is described as “an illegal action.”
In these actions, ads include accurate fees and failure to properly disclose the exchange rate and other costs. CFPB accused it. In particular, the agency said that FintiCch, the company missed its clients in the United States, with its ATM's fees in the United States. When people send people's money in time, they accuse the wise transfer fees when required by the law. It's about thousands of dollars of dollars in relation to consumers. CFPB sued.
The agency issued a public trading order Wise $ 2.025 million for the victims to pay about $ 450,000 for the fined $ 450,000.
“By deceiving customers, the new technology saves money and easier to relieve money.
The company works in the United States throughout its own partner companies. Recently announced Expansion into Machine.
In the statement mentioned in TechCrunch, a wise spokesman said CFPB was the CFPB of CFPB in June 202-2021.
On February 2022, 1922, CFPB highlights some of the issues that have wise conversations, “according to the necessary methods.”
Wisdomlyly says that the affected customers are $ 450,000. It's fully cooperated with CFPB;
The company has been agreeing with Bureau on January 30th. Has built a significant tooling. “
This is the last example of faning for Fintich companies. The Cash app's parent company has recently agreed To pay a $ 80 million fine Bank Secretary Act (BSA) and the Money Law (AML) Substitution of the violation of the rules.
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