CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
January 16, 2025
January 16, 2025
WASHINGTON, Jan. 16 -- The Consumer Financial Protection Bureau issued the following news release:
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CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB's victims re . . .
* * *
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB's victims re . . .