Hosted on MSN1mon
Cash App operator Block to pay $175 million for fraud failures
imposed a penalty on Block, the operator of the Cash App, for its failure to effectively address fraud on its platform. The company has been ordered to pay a total of $175 million, comprising $120 ...
Hosted on MSN1mon
Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
"Cash App created the conditions for fraud to proliferate on its popular payment platform," said Chopra. In its press release, Block said that Cash App experienced "unprecedented growth" during ...
The State Journal-Register27d
Cash App is ordered to pay millions in refunds. Here's how Illinois users can get paid.
Block Inc., which is the mobile app's parent company, would then deny the request. "Cash App created the conditions for fraud to proliferate on its popular payment platform,” said CFPB Director ...