Original Content
The CFPB amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
CFPB Amends Wise Order for Remittance Practices
AI Summary
• The CFPB amended a January 30, 2025 consent order with Wise regarding inaccurate fee advertising and improper disclosure of exchange rates.
• This amendment addresses issues related to remittance practices.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. The information pertains to a national regulation affecting all credit unions but is not specific to Texas.