Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and ...

The CFPB said that Block used a range of tactics to stop customers from seeking help, forcing them — and their banks — to bear financial losses. For years, Block failed to provide any live customer ...

The Consumer Financial Protection Bureau (CFPB) announced today that's it's ordering Block, the creator of Cash App and parent company of Square, to pay up to $120 million in "refunds and other ...

"When things went wrong, Cash App flouted its responsibilities and even burdened local banks with problems that the company caused." Block disputes the CFPB's findings. "While we strongly disagree ...

The Consumer Financial Protection Bureau (CFPB) an independent federal agency responsible for consumer financial protections, issued an order last week for Block, Cash App's parent company ...

In a press release, Block said that the guiding principle for Cash App is to "do right by our customers." "While we strongly disagree with the CFPB’s mischaracterizations, we made the decision ...

Cash App, a popular platform used to transfer money, faces paying out up to $120 million in refunds and other redress to harmed customers, plus $55 million in penalties, relating to its troubling ...

The CFPB alleged that Block's (NYSE:SQ) Cash App had closed cases of reported fraud without opening a legally required investigation. Block allegedly directed users who incurred financial losses ...

CFPB says Block deployed weak security protocols on Cash App Block ordered to pay up to $120 mln as compensation, $55 mln penalty Company says it disagrees with regulator's 'mischaracterizations ...