The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...
Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the ...
The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent ...
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to ...
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and ...
Cash App's parent company Block failed to investigate fraud and unauthorized transactions, and refused to refund customers, the Consumer Financial Protection Bureau said.
CFPB said Block employed weak security protocols for payments platform Cash App and put its users at risk. It added that Block is required by law to investigate and resolve disputes about unauthorized ...
The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million ...
Technology trade groups TechNet and NetChoice filed a lawsuit on Jan. 16 to challenge the CFPB's regulatory approach.