Cash App's parent company ordered to pay $175M for weak security procedures, feds say Block, Cash App's parent company, has repeatedly denied the Consumer Financial Protection Bureau's claims ...

Block Inc. was fined by dozens of state regulators and then ordered by the Consumer Financial Protection Bureau to refund consumers in two separate settlements in the last 24 hours over Cash App.

Cash App will pay $80 million in fines to the states, up to $120 million to fraud victims and $55 million to the consumer bureau. Federal authorities also imposed new requirements for Cash App ...

The Consumer Financial Protection Bureau ordered Cash App (SQ) operator Block to pay a total of up to $175 million for failing to address fraud on the mobile payment network.

Cash App is one of the most popular online mobile banking apps. It now must pay up to $255 million in penalties.(Richard Drew / AP) I’m so disappointed with Jack. That’s how he signed his name ...

In case you missed it: Cash App's parent company ordered to pay $175M for weak security procedures, feds say Block agreed in January to pay an $80 million civil fine to settle similar charges by ...

Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud. Latest U.S.

New York fines Block for Cash App anti-money-laundering lapses. Credit: David Paul Morris/Bloomberg. John Adams . Thu, Apr 10, 2025, 5:15 PM 3 min read.

Cash App owner Block pays $40 million fine to New York over compliance failures. By Jonathan Stempel. April 10, 2025 9:42 PM UTC Updated April 10, 2025 Block Inc logo is seen ...

New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company ...

Analysts say the fines have already been baked into Block's performance. Block put new compliance controls in place in 2023, and the fines' impact on Block's monthly active user growth has already ...

The CFPB Thursday ordered Block, the parent company of Cash App and Square, to give consumers up to $12. ... Cash App Owner Hit With Fines in Back-to-Back Settlements. By. Angel Au-Yeung, ...