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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 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 ...
Arizona Republic on MSN21d
Cash App ordered to pay $175M to users. Will you get a refund? Here's what to knowThe Consumer Financial Protection Bureau, which oversees consumer financial protections, ordered Cash App's parent company Block to refund users $120 million. The order also indicates it must pay $55 ...
Many operating in the shadows of the digital economy are finding Cash App, their once-reliable money pipeline, under ...
Cash App users who were victims of fraud may have money coming their way, after the app's parent company was fined $175 million for "weak" security measures and poor customer service.
Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...
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