In some cases, consumers were led to sites run by crooks pretending to be Cash App customer service representatives. The CFPB also said Block engaged in deception by misrepresenting that it ...

The Consumer Financial Protection Bureau (CFPB) has mandated Block, the company behind Cash App, to provide refunds and other redress to consumers amounting to up to $120m and to pay a $55m ...

The CFPB's earlier investigation found that Block did not provide live customer service agents for Cash, which prevented fraud issues from being addressed. In some cases, consumers were led to sites ...

CFPB Publishes Research on Credit Sharing and "Piggybacking" On March 25, 2025, the CFPB published empirical research on credit sharing and a term called "piggybacking." The CFPB said that ...

The Consumer Financial Protection Bureau has been reduced to a skeleton crew. The department, which was created to oversee ...

giving the CFPB authority to supervise and examine nonbank technology companies that offer peer-to-peer money transfer and digital wallet services, such as Cash App, Google Pay, Apple Pay and ...

US shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before ...

The alleged violations occurred in connection with Block’s popular Cash App product. The New York case represents the latest such agreement with state regulators, according to a Block spokesperson, ...

Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state ...