CFPB imposes a fine of $ 2.5 million in Fintech Wise

The Electronic Money Service Provider Wise has been ordered by the Consumer Finance Protection Bureau to pay $ 2.205 billion in civil punishment, which is said to be misleading to US clients. CFPB has found that WISE has sent a false advertisement for ATM rates and free drawers, according to today’s release. “By deceiving customers, wise (…)