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Cash App Ordered To Pay $175M Over Fraud Concerns

・Federal agency orders $175 million settlement for reported fraud and service failures ・Block, operator of Cash App, is required to overhaul security and refund consumers. ・Potential changes may ...
Hosted on MSN

Block to Pay $40 Million in Settlement with New York Finance Regulator Over Anti-Money-Laundering Programs

Block will pay a $40 million settlement with the New York State Department of Financial Services, which alleged the fintech company failed to maintain effective anti-money-laundering programs. The ...
AOL

Block agrees to pay up to $120 million in refunds to resolve Cash App fraud

On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement with Block, the publicly traded financial conglomerate led by Jack Dorsey. The government agency ...
Seeking Alpha

Block to pay $40M to New York state over Cash App anti-money laundering failures

Block (NYSE:XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said ...
GCN

Block, the parent company of Cash App, must pay $120 million to its users, according to CFPB

Last week, an independent federal agency known as The Consumer Financial Protection Bureau (CFPB) has issued an order for the parent company of Cash App, Block, to refund $120 million to Cash App ...
Bloomberg L.P.

Jack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its ...