With no actual live phone support at Cash App, scammers created fake phone support numbers to trick people. Ingenious.
Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...
It also has to pay a $55 million fine to the CFPB's victims relief fund. The agency alleged that Block put Cash App users at risk with weak security protocols. The company, led by Twitter founder ...
However, the Electronic Fund Transfer Act requires that peer-to-peer platforms like Cash App investigate disputes and cannot "use fine print to escape these legal requirements," according to the ...
The company must also pay a fine of $55 million into the CFPB's victims relief fund. "Cash App created the conditions for fraud to proliferate on its popular payment platform," CFPB Director Rohit ...
Story continues after photo gallery. Cash App ordered to change the way it handles customer service In addition to paying millions in fines, Block Inc. will have to change the way it handles its ...
Here's what Cash App users in California need to know to ensure they're compensated by the mobile banking platform after the latest settlement.
The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App.