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.

Do users need to do anything to receive funds? How much can they expect to receive Here’s what you need to know as a Cash App user in Illinois.

The Consumer Financial Protection Bureau has ordered Block, Cash App's parent company, to pay $120 million to Cash App users and $55 million to its victim relief fund. The Consumer Financial ...

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 ...

issued an order last week for Block, Cash App's parent company, to refund $120 million to Cash App users and pay $55 million into the Consumer Financial Protection Bureau's Civil Penalty Fund.

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 ...

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments ...

As such, Block, Inc. has been ordered to pay $175 million in fines — $120 million to refund to affected Cash App users, and a $55 million penalty that’ll go into the bureau’s victims relief ...

Cash App users may ... transactions — requests Block Inc. would subsequently deny. "Cash App created the conditions for fraud to proliferate on its popular payment platform,” said CFPB ...

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 ...

Cash App’s market positioning ... of>20% reflect the profitability of Block’s credit offerings. Further, Square’s focus is on US gross payment volume [GPV] growth, with initiatives targeting ...