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Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
Block to Pay $175 Million for Cash App Customer Service Failures
Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and protect Cash App customers from fraudulent transactions under a settlement with the Consumer Financial Protection Bureau.
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. The regulator said Block,
CFPB orders Cash App parent Block to pay $175M for fraud failures
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 Thursday.
5h
on MSN
House Dems threaten to block Trump's big tariff plans: 'Unacceptable'
A group of House Democrats is pushing to block President-elect Donald Trump from being able to impose his sweeping plan for ...
5h
Automaker group files lawsuit to block US automatic emergency braking rule
A group representing major automakers on Friday said it filed lawsuit to block a landmark rule from the administration of ...
4h
on MSN
MARA’s ‘Trump 47’ block highlights anticipation for pro-Bitcoin president
The Bitcoin mining industry has supported Donald Trump since he promised to make America the mining capital of the world.
8h
Block’s Regulatory Challenges and Investor Sentiment: Justifying a Sell Rating
James Faucette, an analyst from Morgan Stanley, maintained the Sell rating on Block (SQ – Research Report). The associated price target remains ...
2d
on MSN
Los Angeles wildfires: Altadena resident stunned to find home was only one left standing on his block
An Altadena resident captured a stunning video showing his home as the only one left standing following the devastating Eaton ...
2h
on MSN
Unused university teaching block to be demolished
Plans to demolish a former university teaching block have been approved for a second time. The University of Sunderland ...
2h
on MSN
Buccaneers Star WR Receives Team's Ed Block Courage Award
Tampa Bay Buccaneers wide receiver Mike Evans is beloved by both the team itself and the community of Bucs fans everywhere.
2d
Shooting on same Harrisburg block where woman was killed is unrelated, police say
Gibson was fatally shot in the chest around 11:19 p.m. while inside her home on the corner of the 300 block of Hummel Street, ...
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