Block, Inc. | Consumer Financial Protection Bureau
On January 16, 2025, the Bureau issued an order against Block, Inc. (Block), a nonbank headquartered in Oakland, California which operates Cash App, a mobile payments application through which consumers can send and receive money through peer-to-peer transfers.
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its ...
Jan 16, 2025 · – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.
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Cash App ordered to pay $175M for weak security, feds say - USA …
Jan 21, 2025 · 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, to ...
The Consumer Financial Protection Bureau (Bureau) intends to initiate an administrative proceeding against Block, Inc. (Respondent), under 12 U.S.C. §§ 5563 and 5565, with respect to certain deposit and peer-to-peer money transfer
Cash App fined $255 million in back-to-back settlements
Jan 17, 2025 · Separately, the federal Consumer Financial Protection Bureau reached a settlement with Block on Thursday, in which the company agreed to pay up to $120 million to Cash App customers and another ...
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
Jan 16, 2025 · Cash App earned $1.3 billion in gross profits in the third quarter, according to Block’s filings. After the consumer bureau’s recent legal actions against peer-to-peer payment apps, two ...
On August 4, 2020, the Consumer Financial Protection Bureau (Bureau) issued a civil investigative demand (2020 CID) to Square, Inc., now known as Block, Inc. (Block).
US CFPB Fines Cash App-Parent Block Over Insufficient Fraud Protection
Jan 16, 2025 · (Reuters) -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.
Cash App owes millions (again) to its users. Are you eligible?
1 day ago · The Consumer Financial Protection Bureau earlier this month ordered Cash App's parent company Block Inc., which owns Square, Spiral and TIDAL in addition to Cash App, to refund users $120 million ...
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