cfpb

CFPB fines fintech Wise, alleging it charged deceptive fees

Fintech /

The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company […]

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Consumer Financial Protection Bureau moves to place Google under supervision

Government & Policy /

The Consumer Financial Protection Bureau (CFPB) has taken steps to place Google under formal federal supervision, a move that could subject the company to the same inspections the government imposes on major banks. According to The Washington Post, the CFPB has been in talks with Google for months about the supervision order, which hasn’t yet

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