Block XYZ.N will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services regulator that it failed to adequately police and stop money ...

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 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 ...

In an era where digital financial transactions dominate, peer-to-peer (P2P) platforms like Cash App have provided convenience, speed, and anonymity for users transferring money. However, with ...