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Cash App, CFPB and Block

Cash App owner to pay up to $175 million for failing to protect customers from fraud, feds say

Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.

Hoodline · 22m

Block's Cash App Ordered to Pay $175 Million by CFPB Over Fraudulent Transaction Handling

Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.

Hosted on MSN · 23h

CFPB fines Block $175m over Cash App's lax fraud controls

The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" and a $55 million fine for how the company handled fraud on its payment platform.

2hon MSN

Cash App fined $255 million in back-to-back settlements

Cash App is closing out the week on the hook for $255 million in multiple settlements around its consumer protections. Block, ...

1don MSN

Jefferies bullish on Block stock as compliance updates mitigate Cash App churn

Jefferies reiterated their Buy rating on Block Inc. (NYSE: SQ) stock, maintaining the price target of $110.00. The firm's analysis indicates that Block Inc. has effectively integrated changes to its ...

1don MSN

Block will pay $80M fine to state financial regulators over AML law violations

Block (NYSE:SQ) has agreed to an $80M settlement with 48 state financial regulators who found that one the company's payment ...

CNET on MSN4d

IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

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