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Small Mistakes Costs Sendwave A 3 Million USD Penalty

November 14, 2023
in Fintech
Reading Time: 1 min read
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Small Mistakes Costs Sendwave A 3 Million USD Penalty

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Small Mistakes Costs Sendwave A 3 Million USD Penalty

Sendwave is a remittance FinTech that helped of us ship billions of {dollars} again dwelling to households and mates. The CFPB claimed that it broke a number of guidelines, together with false promoting and illegally waiving of shopper rights.

Most of those errors appear actually minor and preventable, however a FinTech would most likely brush them away to deal with innovating its foremost product providing…

Learn extra concerning the 4, comparatively small, errors it made that might value it $3M or much more (in reputations damages).

submitted by /u/FinTechNomad1 [comments]

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Tags: costsMillionMistakespenaltySendwaveSmallUSD
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