CFPB fines Cash App $175M
State regulators also ordered parent company Block to pay $80M
Peer-to-peer payments app Cash App is being ordered by the Consumer Financial Protection Bureau to pay $175 million in refunds and fines for fraud-detection failures. Cash App, owned by parent company Block, is required to investigate and resolve disputes on its platform, which it failed to do, according to a CFPB release today. “Cash App […]
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