FDIC, Cash App and Borrow

Block Gets the FDIC’s OK To Take Consumer Cash App Borrow Loans In-house
Cash App Borrow has a “historic loss rate” of less than 3%, according to Block. Customer eligibility and borrowing limits are based on such factors as customers’ state of residence, Cash App product usage and activity, and on-time repayment history, Block says.
Square Financial Services, Inc. Receives FDIC Approval to Offer Consumer Loan Product Cash App Borrow
Today, Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt Lake City, Utah.
Square Financial receives FDIC approval for Cash App Borrow
Block (XYZ) announced its industrial bank, Square Financial Services, has received approval from the Federal Deposit Insurance Corporation to
Block Receives FDIC Approval for Small, Short-Term Loan Product
Block received approval from the Federal Deposit Insurance Corp. to offer a consumer loan product that is designed to provide consumers with short-term cash flows. Under the program, Cash App Borrow,
Block's industrial bank gets FDIC approval to offer Cash App Borrow feature
Square Financial Services, Inc., the industrial bank of Block (XYZ), is expanding its lending capabilities after receiving approval from the Federal Deposit Insurance Corp. to start offering consumer loan product Cash App Borrow.
Block Subsidiary Secures FDIC Approval for Cash App Borrow Loans
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the US Federal Deposit Insurance Corp. to begin offering consumer loans directly through its Cash App Borrow product.
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Cash App
In addition, Cash App now supports contactless payment between Cash App and the Square mobile card reader. It lets you scan a QR code at a Square seller’s point of sale device, making ...
Economic Blackout: Does Paying in Cash Really Help Small Businesses?
The "economic blackout" boycott aims to hit back at big businesses and banks. But many small companies have moved away from cash.