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Cash App customers to see refunds

Cash App owner to pay up to $175 million for failing to protect customers from fraud, feds say

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

Fortune on MSN · 2d

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.

SFGATE on MSN · 1d

Bay Area company ordered to pay at least $75 million to wronged Cash App customers

Block, based in Oakland, was ordered Thursday to pay out at least $75 million to customers who had bad service experiences with Cash App.

Digital Transactions2d

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, ...

CNET on MSN2d

CashApp Fined $175 Million for Not Stopping Fraud. Find Out if You're Eligible for a Payment

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

3don MSN

US state regulators fine Block Inc $80 million for insufficient money laundering controls

Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined ...

3don MSN

Jefferies bullish on Block stock as compliance updates mitigate Cash App churn

Jefferies reiterated their Buy rating on Block Inc. (NYSE: SQ) stock, maintaining the price target of $110.00. The firm's analysis indicates that Block Inc. has effectively integrated changes to its ...

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