Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...

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

The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...

The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.

According to CFPB, Block's security protocols for Cash App were insufficient, exposing users to potential fraud.

Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and protect Cash App customers from ...

The Consumer Financial Protection Bureau said the payments provider “employed weak security protocols for Cash App and put ...

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

The mobile payment service Cash App has grown significantly throughout the years, and in 2022 it was valued at $138 billion, ...

The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...

Cash App, owned by Block Inc. (NYSE: SQ), is one place you can go to buy stocks and save up for retirement. The app lets you invest in stocks, but some stocks are better than others. This list ...

The government agency argued that one of Block's portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers. The settlement ...