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Sendwave is a remittance FinTech that helped folks send billions of dollars back home to families and friends. The CFPB claimed that it broke multiple rules, including false advertising and illegally waiving of client rights. Most of these mistakes seem really minor and preventable, but a FinTech would probably brush them away to focus on innovating its main product offering… Read more about the 4, relatively small, mistakes it made that could cost it $3M or even more (in reputations damages). submitted by /u/FinTechNomad1 |