Block, the parent company of popular online payment service Cash App, has been ordered by a federal ... "In numerous instances, respondent failed to conduct investigations promptly or in some ...

to pay $120 million to Cash App users and $55 million to its victim relief fund. The Consumer Financial Protection Bureau claims Block failed to investigate transaction disputes, "tricked" users ...

Block, the parent company of popular online payment service Cash App, has been ordered by a federal ... "In numerous instances, respondent failed to conduct investigations promptly or in some ...

The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly investigate ...

Here's what Cash App users in Kentucky need to know to ensure they're compensated by the mobile banking platform after the latest settlement.

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 troubling ...

Cash App was also required to pay an additional penalty of $55 million ... same customers that were put at risk by Cash App after it failed to do its due diligence in securing the platform.

The parent company of mobile banking platform Cash App has been ordered to pay $175 million to users ... unauthorized transaction disputes but failed to do so. Block, according to the bureau ...

"Cash App created the conditions for fraud to proliferate on its popular payment platform,” said ... targeted by fraudsters in this way but failed to take timely action to address the issue ...