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Cash App, CFPB

The Verge on MSN · 6h

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, the company that owns Cash App, agreed Wednesday to pay $80 million to 48 states that fined the company for violating laws intended to keep illicit activity off the platform.

Reuters on MSN · 1d

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App. The regulator said Block,

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.

10hon MSN

Cash App owner failed 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 ...

Daily Voice Somerset County NJ on MSN7h

Cash App Users To Get Refunds In $175M Order As Feds Target Fraud

Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on ...

1don MSN

How a useless customer service number got Cash App in big trouble with regulators

The Consumer Financial Protection Bureau says Cash App did not provide an in-person helpline, a failure that scammers were ...

1don MSN

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps ...

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