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Cash App flouted its responsibilities and even burdened local banks with problems that the company caused.” The sum includes up to $120 million to compensate consumers and a fine of $55 million ...
The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly ...
Shares of Block dropped after analysts expressed concern its Cash App performance was weaker than expected. The parent company of Square and Cash App's stock fell almost 22%, to $45.71 ...
The parent company of Cash App and Square on Thursday reported a first-quarter profit of $189.9 million, or 30 cents a share, compared with $472 million, or 74 cents a share, a year earlier.
Block has had a difficult 2025 with risk regulators, with the latest ding being a $40 million fine in New York over shortcomings in ... New York regulators said violations were linked to Cash App, ...