Cash App, a popular platform used to transfer money, faces paying out up to $120 million in refunds and ... from consumers who lost thousands of dollars after speaking with an alleged Cash App ...
Trump’s inauguration. Cash App will pay $80 million in fines to the states, up to $120 million to fraud victims and $55 million to the consumer bureau. Federal authorities also imposed new ...
Editor’s note, Jan. 16, 2025: The Consumer Financial Protection Bureau (CFPB) has ordered Block, which owns Cash App, to pay refunds and penalties totaling $175 million for maintaining poor ...
Cash App users may receive a refund from the mobile banking platform after a federal agency ordered the company to pay out $175 million for its weak security procedures, the second such major ...
It launched Android and iOS apps which simplified the process even further, and added mobile number functionality a year later. In 2015, Square made Cash available for businesses in the United States.
The owner of Cash App has been ordered to pay up to $120 million to victims of fraud on its payments platform on top of a $55 million fine, the Consumer Financial Protection Bureau said Thursday.
Cash App cited for failing to investigate, address fraud Company will return up to $120 million to harmed customers Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and ...