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Cash App, CFPB and Block

CBS News on MSN · 9h

Cash App owner failed 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 potential fraud.

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.

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.

23h

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 ...

Digital Transactions1d

Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention

The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...

23hon 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 ...

1h

Tech Lobbyists Are Mad Feds Want to Regulate Digital Payment Apps Like Banks

After a fintech startup recently lost its users funds, it is hard to find sympathy for tech companies seeking loosened ...

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