CFPB v. Wise US Inc.

Wise US Inc. allegedly used deceptive marketing disclosures relating to ATM fees leading to ATM fee overcharges in violation of the Consumer Financial Protection Act’s (CFPA) prohibition on unfair, deceptive, or abusive acts or practices; and allegedly failed to provide disclosures and notices, including change-in-term notices; failed to adhere to error resolution provisions and failed to correct errors; failed to comply with the retention of document requirements; and failed to develop and maintain policies and procedures that are designed to ensure compliance with error resolution requirements in violation of the Electronic Fund Transfer Act (EFTA) and its implementing Regulation E.

Summary generated from official Consumer Financial Protection Bureau press release