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FinTech

CFPB Imposes $25 Million Fine on Wise: What You Need to Know

Understanding the Implications of the Recent CFPB Penalty Against Wise Highlights: The Consumer Financial Protection Bureau (CFPB) has fined Wise $25 million for alleged violations.The...

Banking

CFPB fines Chime $3.25m for customer refund delays

Chime Fined by CFPB: US fintech Chime has been fined $3.25 million by the Consumer Financial Protection Bureau (CFPB) for delays in issuing...

Banking

US lender Enova fined $15m by CFPB for “widespread illegal conduct”

Enova was fined $15 million by CFPB and banned from offering certain short-term loans. Charges include unauthorized fund withdrawals, deceptive loan statements, and...