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Cash App parent fined up to $175 million for 'woefully incomplete' response to fraudCash 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 CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...
The parent company of mobile banking ... Act requires that peer-to-peer platforms like Cash App investigate disputes and cannot "use fine print to escape these legal requirements," according ...
The parent company of Cash App has been ordered to pay up to $120 ... Block was also ordered to pay a $55 million fine to the CFPB’s victims relief fund. The Source: This story was reported ...
Oregon will get a $1.6 million share of an $80 million fine that Cash App parent company Block will pay for violations of bank secrecy and anti-money laundering laws. In addition to the $80 ...
Block, the parent company of popular online payment service Cash App, has been ordered by a federal ... The company must also pay a fine of $55 million into the CFPB's victims relief fund.
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