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Cash App fined $255 million in back-to-back settlements
Cash App is closing out the week on the hook for $255 million in multiple settlements around its consumer protections. Block, the company that owns Cash App, agreed Wednesday to pay $80 million to 48 states that fined the company for violating laws intended to keep illicit activity off the platform.
Use Cash App? You may be entitled to some money
Millions of people use Cash App to send or receive money every day, but the popular peer-to-peer payment service is now preparing to pay millions of dollars of its own to customers who fell victim
CFPB fines Block up to $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.
Cash App ordered to pay $175M to users. Will you get a refund? Here's what to know
Cash App was ordered to pay users refunds for its weak security procedures. Here's what users need to know about payments, timeline and more.
Hosted on MSN
10d
CFPB Orders Cash App's Parent Company To Pay $175M
The parent company of
Cash
App
, which has more than 56 million accounts, must also pay a $55 million fine into the
CFPB
...
13d
on MSN
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 ...
2d
on MSN
Cash App (again) ordered to pay millions in refunds. How Indiana users can get back money
Here's what Cash App users in Indiana need to know to ensure they're compensated by the mobile banking platform after the latest settlement.
9d
on MSN
Cash App's parent company ordered to pay $175M for weak security procedures, feds say
Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...
Hoodline
10d
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.
KTTV
13d
Cash App parent company to pay up to $120 million to fraud victims, feds say
The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million ...
13d
on 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 ...
12d
on MSN
Cash App to pay back millions to customers over fraud issues
Cash App will have to pay up to $120 million to customers who lost money to scammers and fraud on the money-sharing app.
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