The attorney general for California announced this week a wide-ranging investigation into the way companies collect, process and use consumer location data. The investigation will include scrutiny of advertising networks, mobile app providers and data brokers whose practices may violate the California Consumer Privacy Act (CCPA), one of the strictest state privacy laws in the…
Category: cfpb
cfpb, Fintech, Global IT News, Global Security News, TC, WISE
CFPB fines fintech Wise, alleging it charged deceptive fees
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…