CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its ...
2 days ago · – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to …
Block, Inc. | Consumer Financial Protection Bureau
2 days ago · On January 16, 2025, the Bureau issued an order against Block, Inc. (Block), a nonbank headquartered in Oakland, California which operates Cash App, a mobile payments …
Block, Inc. | Consumer Financial Protection Bureau
2 days ago · On January 16, 2025, the Bureau issued an order against Block, Inc. (Block), a nonbank headquartered in Oakland, California which operates Cash App, a mobile payments …
Cash App owner to pay up to $175 million for failing to protect ...
16 hours ago · Block has agreed to pay up to $120 million to consumers harmed by fraudulent transactions and unfair business practices detailed by the Consumer Financial Protection …
US CFPB fines Cash App-parent Block over insufficient fraud …
1 day ago · CFPB says Block deployed weak security protocols on Cash App Block ordered to pay up to $120 mln as compensation, $55 mln penalty Company says it disagrees with …
File No. 2025-CFPB-0001 STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER In the matter of: BLOCK, INC. The Consumer Financial Protection Bureau (Bureau) …
US CFPB Fines Cash App-Parent Block Over Insufficient Fraud …
2 days ago · "The CFPB has made a few last-minute moves to aid consumers ahead of the incoming Trump administration including action against Zelle and the current settlement with …
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security ...
1 day ago · Block must refund consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund, according to a Thursday (Jan. 16) press release.
CFPB orders Cash App to pay $175 million for fraud failures
14 hours ago · The CFPB said that Block used a range of tactics to stop customers from seeking help, forcing them — and their banks — to bear financial losses. For years, Block failed to …
Block agrees to pay $255M to regulators for Cash App deficiencies
2 days ago · Block allegedly directed consumers that suffered financial losses to their banks for redress, but when the banks went back to the company for compensation, it would deny the …