Block, Cash App and CFPB

Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, in part by setting up 24-hour, live-person customer service. The order requires Block to fully investigate unauthorized transactions and to provide timely refunds when appropriate.
US CFPB fines Cash App-parent Block over insufficient fraud protection
The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.
Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies
Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering.
State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations
In a coordinated enforcement action by 48 state financial regulators, Block, Inc. will pay an $80 million fine and undertake corrective action for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
Block will pay $80M fine to state financial regulators over AML law violations
Block (NYSE:SQ) has agreed to an $80M settlement with 48 state financial regulators who found that one the company's payment ecosystems, Cash App, lacked adequate anti-money laundering measures, according to a statement issued on Wednesday.
Hoodline1h
Block, Inc. Settles for $80 Million Amid Nationwide Crackdown on Bank Secrecy Act Violations
Block, Inc. faces a joint crackdown by the DCCA and 47 states for BSA/AML violations, incurring an $80 million penalty and ...
House Dems threaten to block Trump's big tariff plans: 'Unacceptable'
A group of House Democrats is pushing to block President-elect Donald Trump from being able to impose his sweeping plan for ...
Automaker group files lawsuit to block US automatic emergency braking rule
A group representing major automakers said on Friday it filed a lawsuit to block a landmark rule from the administration of ...
Hoodline15h
Block Inc. to Pay $80 Million in Settlement for Violations of Bank Secrecy and AML Laws
Oregon and 47 states settled with Block Inc. for BSA/AML violations, imposing an $80 million penalty and requiring an ...
Los Angeles wildfires: Altadena resident stunned to find home was only one left standing on his block
An Altadena resident captured a stunning video showing his home as the only one left standing following the devastating Eaton ...
Judge appears likely to block release of classified docs final report to Congress
A judge is hearing arguments Friday on whether members of Congress will be permitted to view Jack Smith's final report on ...
Buccaneers Star WR Receives Team's Ed Block Courage Award
Tampa Bay Buccaneers wide receiver Mike Evans is beloved by both the team itself and the community of Bucs fans everywhere.
Marquette's Damarius Owens drains a three-pointer after recording a tough block on defense vs. Xavier
Marquette Golden Eagles' Damarius Owens drained a three-pointer after getting a tough block on defense against the Xavier Musketeers.