CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers (Leo Schwartz/Fortune)

Leo Schwartz / Fortune: CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers  —  Jack Dorsey, cofounder and head of Block  —  On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement …

Jan 16, 2025 - 20:07
CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers (Leo Schwartz/Fortune)

Leo Schwartz / Fortune:
CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers  —  Jack Dorsey, cofounder and head of Block  —  On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement …