The Consumer Financial Protection Bureau, which oversees consumer financial protections, ordered Cash App's parent company Block ... how much money will be paid to each, or when the payment ...

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 services ...

The Consumer Financial Protection Bureau has ordered Block ... to Cash App users and pay $55 million into the Consumer Financial Protection Bureau's Civil Penalty Fund. The fund provides money ...

Jan. 16, 2025 Cash App, the smartphone payments tool that allows instant money transfers and is popular with young people, has made billions in profits for Block ... it was to pay back their ...

The government agency argued that one of Block's portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers. The settlement ...

Block saved money in the process, the agency said. “Cash App created the conditions for fraud to proliferate on its popular payment platform,” CFPB Director Rohit Chopra said in the release.