Jan 21, 2025 · The Consumer Financial Protection Bureau has ordered Block, Cash App's parent company, to pay $120 million to Cash App users and $55 million to its victim relief fund.

If you’d like to block someone from sending payments or requests to you: Tap the Activity tab on your Cash App home screen. Tap on their name in your activity feed. Scroll to the bottom of their profile and select Block. To unblock someone you’ve previously blocked, follow the same steps and select Unblock.

Jan 16, 2025 · Cash App, a popular platform used to transfer money, faces paying out up to $120 million in refunds and other redress to harmed customers, plus $55 million in penalties, relating to its...

3 days ago · An order issued by the Consumer Financial Protection Bureau (CFPB) on January 16 requires Cash App operator Block, Inc. to refund consumers up to $120 million, pay a $55 million civil penalty and bring its customer service and dispute investigation practices in line with federal law. Get the latest open class action lawsuits sent to your inbox.

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Jan 16, 2025 · 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.

Jan 16, 2025 · Consumers with inquiries related to redress under the order may contact Block, Inc. by toll-free phone at 1-888-488-1181; by email at [email protected]; or by mail at Cash App MSC 210, 1955 Broadway, Suite 600, Oakland, CA 94612.

Jan 16, 2025 · (Reuters) -The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.

Jan 15, 2025 · More than 50 million people in the United States use Cash App, Block’s mobile payment service, to spend, send, store, and invest money. “Just because a company develops a popular financial service that customers want to use, it does not excuse the company from complying with all regulatory requirements, including laws in place to prevent ...

Jan 17, 2025 · Block, the parent company of popular online payment service Cash App, has been ordered by a federal agency to pay as much as $175 million because of repeated failures by the financial...