Cash App owner to pay up to $175 million for failing to protect customers from fraud, feds say
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to ...
AOL11d
Cash App owner failed to protect customers from fraud, feds say
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 ...
Hoodline10d
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.
CT News Junkie9d
Connecticut Joins Settlement With Cash App Owner Block, Inc., For Violations And Security Failures
The Connecticut Department of Banking has announced that a multistate enforcement action against Block, Inc., the parent ...
Wall Street Journal13d
Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies
Cash App parent company Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering. The company ...