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 ...
Hosted on MSN10d
CFPB Orders Cash App's Parent Company To Pay $175M
The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB ...
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, ...
Digital Transactions14d
Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...
Hoodline10d
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.
KTTV13d
Cash App parent company to pay up to $120 million to fraud victims, feds say
The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million ...
Yahoo Finance12d
Cash App owner failed to protect customers from fraud, feds say
The company must also pay a fine of $55 million into the CFPB's victims relief fund. "Cash App created the conditions for fraud to proliferate on its popular payment platform," CFPB Director ...
Direct Marketing News10d
Tech groups sue US CFPB over app rule
Tech organizations file a lawsuit against the US Consumer Financial Protection Bureau challenging new application regulations ...