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 ...

The Consumer Financial Protection Bureau, which oversees consumer financial protections, ordered Cash App's parent company Block to refund users $120 million. The order also indicates it must pay $55 ...

Block, the parent company of popular online payment service Cash App, has been ordered by a federal agency to pay as much as $175 million because of repeated failures by the financial services ...

The Consumer Financial Protection Bureau ordered Block (NYSE:SQ) to pay restitution of up to $120M and a penalty of $55M over alleged weak security protocols for its Cash App, the agency said on ...

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

Cash App has agreed to pay a minimum of $75 million and up to $120 million to Cash App users who suffered fraud and another $55 million to the CFPB’s victim’s relief fund. The CFPB alleges that while ...

Block, the owner of Cash App and Square, will pay $175 million to settle allegations that its lax consumer protection practices put customers at high risk of fraud, the Consumer Financial Protection ...

Digital payments company Block agreed to pay $255 million to federal and state regulators for deficiencies in its oversight of its peer-to-peer payments tool Cash App and to compensate users who ...

The financial tech company is required to pay at least $75 million to Cash ... In a news release announcing the order, the CFPB said Block “deprived Cash App users of meaningful and effective ...

The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million penalty. The Consumer Financial Protection Bureau said Block used "weak ...