Cash App flouted its responsibilities and even burdened local banks with problems that the company caused.” The sum includes up to $120 million to compensate consumers and a fine of $55 million ...

The company must also pay a fine of $55 million into the CFPB's victims relief fund. "Cash App created the conditions for fraud to proliferate on its popular payment platform," CFPB Director Rohit ...

A federal agency ordered Cash App to pay users and the government to directly and indirectly compensate them for the mobile app's weak security procedures. The dollar amount for refunds and when ...

Further, while cash-back apps are generally "free to download" with no "monthly subscription or a one-time fee" involved, "some may charge inactivity fees, so make sure you read the fine print ...

began to learn of potentially adverse information about the company and its Square and Cash App platforms on Mar. 23, 2023, when Hindenburg Research published a scathing report on the company.

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.