Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to ...

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

Block Inc. was fined by dozens of state regulators and then ordered by the Consumer Financial Protection Bureau to refund ...

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

Block violated the Bank Secrecy Act and anti-money laundering laws aimed at safeguarding the financial system from illicit ...

Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to ...

Each state will receive $1.6 million from the settlement, according to the R.I. Department of Business Regulation.

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

Jack Dorsey’s Block Inc. will pay up to $175 million for failing to investigate and protect Cash App customers from ...

The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...

The parent company of Cash App has been ordered to pay up to $120 million to fraud victims, in addition to a $55 million ...