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- CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its . . .
The CFPB ordered Block, the operator of the peer-to-peer payments app Cash App, to refund consumers $120 million and pay a penalty of $55 million
- Cash App CFPB Settlement
Cash App has reached an agreement with the Consumer Financial Protection Bureau to resolve a matter principally related to certain aspects of Cash App's historical customer service program The historical issues raised in this agreement do not reflect the Cash App experience today
- Block agrees to pay $255M to regulators for Cash App deficiencies
Digital payments company Block agreed to pay $255 million to federal and state regulators for deficiencies in its oversight of its peer-to-peer payments tool Cash App and to compensate users who became victims of fraud
- Jack Dorseys Block hit with $175 million settlement for Cash App fraud . . .
The government agency argued that one of Block’s portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers The settlement
- CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security . . .
Block must refund consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund, according to a Thursday (Jan 16) press release “Block employed weak security
- Cash App customers to see refunds after up to $175 million settlement
Cash App's parent, Block Inc , settled two regulatory actions, one with the Consumer Financial Protection Bureau and another with state agencies
- Cash App fined $255 million in back-to-back settlements
Cash App is accused of “allow [ing] fraud to proliferate” by the CFPB and has been ordered to pay settlements totaling $255 million to state and federal regulators
- Cash App $15 Million Settlement: How to Claim Up to $2,500 for Fraud . . .
The Consumer Financial Protection Bureau (CFPB) has ordered Cash App's parent company, Block Inc , to pay $175 million due to its insufficient security measures that allowed fraud to proliferate on the app Here’s what Cash App users need to know about the settlement, eligibility, and how much money they could receive What Did Cash App Do Wrong?
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