The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...

The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...

The Consumer Financial Protection Bureau is also requiring Cash App to make up to $120 million in total redress payments to ...

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...

The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

Cash App, a platform owned by Jack Dorsey’s Block Inc., has come under fire for failing to uphold adequate consumer protections.