Block Cash App Staff Offices SF - Search News

Cash App, FDIC and Borrow

Digital Transactions · 2d

Block Gets the FDIC’s OK To Take Consumer Cash App Borrow Loans In-house

Cash App Borrow has a “historic loss rate” of less than 3%, according to Block. Customer eligibility and borrowing limits are based on such factors as customers’ state of residence, Cash App product usage and activity, and on-time repayment history, Block says.

Bloomberg · 3d

Block Subsidiary Secures FDIC Approval for Cash App Borrow Loans

Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the US Federal Deposit Insurance Corp. to begin offering consumer loans directly through its Cash App Borrow product.

MarketWatch · 3d

Block Receives FDIC Approval for Small, Short-Term Loan Product

Block received approval from the Federal Deposit Insurance Corp. to offer a consumer loan product that is designed to provide consumers with short-term cash flows. Under the program, Cash App Borrow,

3d

Square Financial receives FDIC approval for Cash App Borrow

Block (XYZ) announced its industrial bank, Square Financial Services, has received approval from the Federal Deposit Insurance Corporation to ...

3d

Block's industrial bank gets FDIC approval to offer Cash App Borrow feature

Square Financial Services, Inc., the industrial bank of Block (XYZ), is expanding its lending capabilities after receiving ...

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