The CFPB amended a prior settlement with remittance company Wise, which previously found that Wise advertised inaccurate fees and failed to properly disclose exchange rates and other costs. Although the previous settlement ordered Wise to pay approximately $450,000 to overcharged consumers and a $2.025 million fine to the CFPB’s victims relief fund, the new settlement reduces Wise’s fine from over $2 million to $44,955.