CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its ...
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 consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.
Cash App CFPB Settlement
To contact Cash App about the settlement: You can call us at 1 (888) 488-1181, email us at [email protected] or contact Cash Support in the app. In addition, you can reach us by mail at the address below: Cash App MSC 210. 1955 Broadway, Suite 600. Oakland, CA 94612
Block, Inc. | Consumer Financial Protection Bureau
Jan 16, 2025 · Consumers with inquiries related to redress under the order may contact Block, Inc. by toll-free phone at 1-888-488-1181; by email at CFPBinquiry@cash.app; or by mail at Cash App MSC 210, 1955 Broadway, Suite 600, Oakland, CA 94612.
CashApp Customers Could Get a Refund for Fraud Protection
2 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 send a $55 million ...
Cash App customers to see refunds after up to $175 million …
Jan 16, 2025 · Cash App, a popular platform used to transfer money, faces paying out up to $120 million in refunds and other redress to harmed customers, plus $55 million in penalties, relating to its...
Cash App fined $255 million in back-to-back settlements
Jan 17, 2025 · Cash App is accused of “allow [ing] fraud to proliferate” by the CFPB and has been ordered to pay settlements totaling $255 million to state and federal regulators.
CFPB orders Cash App to pay $175 million for fraud failures
Jan 17, 2025 · The Consumer Financial Protection Bureau on Thursday ordered Cash App's parent company Block to refund customers $120 million and pay a penalty of $55 million for failing to prevent fraud or provide customers with refunds.
CFPB fines Block up to $175m over Cash App's lax fraud controls
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 million in "refunds and other redress to consumers" and a $55 million fine over how the company handled fraud on its payment platform.
CFPB Fines CashApp $175 Million for Allegedly ... - Investopedia
Jan 16, 2025 · The Consumer Financial Protection Bureau fined Cash App and its parent company, Block, $175 million Thursday for how it handled customer fraud complaints during the pandemic era.
Block agrees to pay $255M to regulators for Cash App deficiencies
Jan 16, 2025 · Digital payments company Block agreed to pay $255 million to federal and state regulators for deficiencies in its oversight of its peer-to-peer payments tool Cash App and to compensate users who became victims of fraud.
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