On January 16, 2025, the Bureau issued an order against Block, Inc. (Block), a nonbank headquartered in Oakland, California which operates Cash App, a mobile payments …

Jan 16, 2025 · – 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 …

File No. 2025-CFPB-0001 STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER In the matter of: BLOCK, INC. The Consumer Financial Protection Bureau (Bureau) …

Jan 16, 2025 · The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service …

6 days ago · The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and …

Jan 16, 2025 · The CFPB said Block must pay a minimum amount of $75 million in refunds and other redress to harmed consumers. The CFPB will enforce the order’s redress requirements …

Update, January 17th: Added comment from Block and clarified that the CFPB settlement payments to Cash App customers could go up to $120 million. Most Popular. Most Popular.

Jan 16, 2025 · The Consumer Financial Protection Bureau (CFPB) announced today that's it's ordering Block, the creator of Cash App and parent company of Square, to pay up to $120 …

Jan 16, 2025 · "The CFPB has made a few last-minute moves to aid consumers ahead of the incoming Trump administration including action against Zelle and the current settlement with …

Jan 16, 2025 · Block allegedly directed consumers that suffered financial losses to their banks for redress, but when the banks went back to the company for compensation, it would deny the …