Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
Hoodline1d
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.
Digital Transactions2d
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, ...
CNET on MSN2d
CashApp Fined $175 Million for Not Stopping Fraud. Find Out if You're Eligible for a Payment
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...
US state regulators fine Block Inc $80 million for insufficient money laundering controls
Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined ...
Jefferies bullish on Block stock as compliance updates mitigate Cash App churn
Jefferies reiterated their Buy rating on Block Inc. (NYSE: SQ) stock, maintaining the price target of $110.00. The firm's analysis indicates that Block Inc. has effectively integrated changes to its ...
CNET on MSN5d
IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
Block will pay $80M fine to state financial regulators over AML law violations
Block (NYSE:SQ) has agreed to an $80M settlement with 48 state financial regulators who found that one the company's payment ...