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CFPB, Block and Cash App

Hosted on MSN · 1d

CFPB fines Block $175m over Cash App's lax fraud controls

The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" and a $55 million fine for how the company handled fraud on its payment platform.

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.

Hoodline · 15h

Block's Cash App Ordered to Pay $175 Million by CFPB Over Fraudulent Transaction Handling

Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.

18hon MSN

Cash App fined $255 million in back-to-back settlements

Cash App is closing out the week on the hook for $255 million in multiple settlements around its consumer protections. Block, ...

1d

CFPB Fines CashApp $175 Million for Allegedly Mishandling Fraud Claims

If you lost money to scammers or had your account frozen on a popular peer-to-peer payment platform, you might be due for a ...

1d

Cash App Owner Hit With Fines in Back-to-Back Settlements

Block Inc. was fined by dozens of state regulators and then ordered by the Consumer Financial Protection Bureau to refund ...

1don MSN

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps ...

1d

Tech Trade Groups Sue to Block CFPB Rule Targeting Apple, Google

A pair of trade groups representing Meta Platforms Inc., Apple Inc., and Google parent Alphabet Inc. sued to block a Consumer ...

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