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 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 send a $55 million ...
The parent company of mobile banking ... Act requires that peer-to-peer platforms like Cash App investigate disputes and cannot "use fine print to escape these legal requirements," according ...
Oregon will get a $1.6 million share of an $80 million fine that Cash App parent company Block will pay for violations of bank secrecy and anti-money laundering laws. In addition to the $80 ...
The parent company of Cash App has been ordered to pay up to $120 ... Block was also ordered to pay a $55 million fine to the CFPB’s victims relief fund. The Source: This story was reported ...
Here's what Cash App users in Indiana need to know to ensure they're compensated by the mobile banking platform after the latest settlement.