Cash App parent Block pays $255 million after security nightmare for users
Block, the parent of digital payments company Cash App, agreed to pay $255 million to settle allegations of poor oversight and fraud-related issues on its peer-to-peer payment platform. The agreements,
Block to Pay $175 Million for Cash App Customer Service Failures
Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and protect Cash App customers from fraudulent transactions under a settlement with the Consumer Financial Protection Bureau.
Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies
Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering.
Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
State regulators fine Block Inc $80 million for anti-money laundering violations
Block, Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators for violations of anti-money laundering laws through its mobile payment service, Cash App. The multi-statement settlement would also see the fintech firm bring in an independent consultant to review its Bank Secrecy Act and anti-money laundering program,
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...
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Jack Dorsey talk at FOSDEM 2025 may lead to protest
Jack Dorsey is scheduled to talk at FOSDEM 2025, and some members of the community plan to protest the billionaire's session ...
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Block Stock is Stalled As Side Bets Distract From Core Businesses
Of Jack Dorsey’s two business creations, only one looms large in the public consciousness: the company previously known as ...
Jack Dorsey's Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock
Jack Dorsey's Block Inc is expected to deliver a strong Q4 given its business's general resilience and opex discipline, says BofA Securities.
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Jack Dorsey’s Block will let employees choose cash instead of stock compensation
Silicon Valley fortunes are built on rising stock values. But Block, the Jack Dorsey–founded fintech company, is starting off the new year by offering employees an unusual proposition ...
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Jack Dorsey’s Net Worth in 2025: Beyond Twitter
Discover Jack Dorsey’s net worth journey from co-founding Twitter to leading Block. Learn how his investments and Bitcoin ...
Cash App fined $255 million in back-to-back settlements
The money transferring app, owned by Jack Dorsey’s Block Inc., is accused of “allow[ing] fraud to proliferate” by the ...