Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...
Every day, millions of people around the globe have to figure out how to pay for the things they need. Whether you're an independent contractor filing an invoice, friends splitting the check or a ...
Cash App's parent, Block Inc., settled two regulatory actions, one with the Consumer Financial Protection Bureau and another with state agencies.
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to ...
Here's what Cash App users in Kentucky need to know to ensure they're compensated by the mobile banking platform after the latest settlement.
(For cash, the declared value is however much money you’re sending.) And you’ll have to ... you can make a payment app transaction a little snazzier with Gift card mode. Just make a payment ...
The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million ...
Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and protect Cash App customers from ...
Each state will receive $1.6 million from the settlement, according to the R.I. Department of Business Regulation.
"They do not have the proper controls in place to detect and stop frauds or money laundering." More than 50 million Americans use Cash App to spend, store and transfer money, the bureau said.
The fund provides money to people who have been ... However, the Electronic Fund Transfer Act requires that peer-to-peer platforms like Cash App investigate disputes and cannot "use fine print ...