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 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.
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.
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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 ...
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Cash App Creates Option Value for Square
Further, the ability to monetize this platform may be somewhat limited, as Square does not charge for person-to-person payments and only benefits when consumers use the funds within their Cash ...
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Block Looks to Cash App and Loans as Growth Drivers in 2025
Block started out with Square, but Cash App has become a prime driver for the company. Block expects to see a “unique” growth opportunity for Cash App when it comes to Cash App Borrow and ...