The Consumer Financial Protection Bureau (CFPB) issued an Amended Consent Order against Wise US on May 16, significantly revising a previously reported multi-million-dollar enforcement action.  The updated order reduced the civil penalty from over $2 million to just $44,955, while preserving approximately $449,550 in consumer redress.  The original fine, issued in January 2025, centered on … Continue reading Learning from Wise’s $45K compliance error