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'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 ...

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.

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 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 ...

CFPB fines Block $175m over Cash App's lax fraud controls FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020.

The CFPB also charges that Cash App’s fraud-prevention strategy exposed the company to criminals who placed phony Cash App customer-service links on the Internet. When a consumer clicked on the link, ...

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 ...

Block's gross profit rose 19% to $2.25 billion in the third quarter ended Sept. 30, with Cash App accounting for $1.31 billion of the total income. It had 57 million active customer accounts.

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, ...