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Cash App, CFPB
Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.
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.
CFPB orders Cash App to pay $175 million for fraud failures
Cash App's parent company Block failed to investigate fraud and unauthorized transactions, and refused to refund customers, the Consumer Financial Protection Bureau said.
4h
48 states hit Cash App operator with a $80m fine
Each state will receive $1.6 million from the settlement, according to the R.I. Department of Business Regulation.
6h
Cash App Owner Hit With Fines in Back-to-Back Settlements
Block Inc. was fined by dozens of state regulators and then ordered by the Consumer Financial Protection Bureau to refund ...
3h
How a useless customer service number got Cash App in big trouble with regulators
The Consumer Financial Protection Bureau says Cash App did not provide an in-person helpline, a failure that scammers were ...
Channel 3000
3h
Wisconsin joins other states to penalize Cash App's parent company; allegedly noncompliant to anti-laundering laws
The State of Wisconsin and 47 other state financial regulatory companies have taken "coordinated action" to a company that ...
Albuquerque Journal
2h
NM to receive $1.6M as part of Cash App settlement
Block violated the Bank Secrecy Act and anti-money laundering laws aimed at safeguarding the financial system from illicit ...
12d
Cash App Taxes 2025 (Tax Year 2024)
Cash App Taxes is an authorized e-file provider that adheres to the IRS's business, privacy, and security standards. The ...
Benzinga.com
2d
Top Performing Cash App Stocks
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CNET on MSN
3d
IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule
The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...
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Related topics
Block
CFPB
Consumer Financial Protection Bureau
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