Cash App's parent company ordered to pay $175M for weak security procedures, feds say
Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's victim relief fund.
CBS News28d
Cash App owner to pay up to $175 million for failing to protect customers from fraud, feds say
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 ...
AOL27d
Cash App owner failed to protect customers from fraud, feds say
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 ...
American Banker29d
CFPB orders Cash App to pay $175 million for fraud failures
Block separately agreed on Tuesday to pay $80 million to state regulators ... banks — to bear financial losses. For years, Block failed to provide any live customer service agents for Cash App, which ...
Yahoo Finance24d
Cash App's parent company ordered to pay $175M for weak security procedures, feds say
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 customers to see refunds after up to $175 million settlement
Cash App's parent, Block Inc., settled two regulatory actions, one with the Consumer Financial Protection Bureau and another with state agencies.
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CFPB Orders Cash App's Parent Company To Pay $175M
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 ...