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Cash App, CFPB and Block

Hosted on MSN · 2h

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App. The regulator said Block,

ConsumerAffairs · 1h

Cash App to pay $120 million to fraud victims, CFPB says

The owner of Cash App has been ordered to pay up to $120 million to victims of fraud on its payments platform on top of a $55 million fine, the Consumer Fi

Newsable Asianet News on MSN · 1h

Consumer Finance Watchdog Asks Block To Pay $175M Over Cash App Deficiencies: Retail Remains Unfazed

The Consumer Financial Protection Bureau (CFPB) has ordered Block Inc., the operator of peer-to-peer payments app Cash App, to pay $175 million in refunds, compensation, and penalties for certain deficiencies.

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.

CFPB, Capital One

FOX News on MSN · 21h

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

Fortune on MSN · 9h

You could save $200 per year thanks to the CFPB’s new cap on overdraft fees

As part of an ongoing effort to combat “junk fees” charged by banking institutions, the Consumer Financial Protection Bureau (CFPB) has issued a ruling that could save American consumers up to $5 billion per year—that’s approximately $200 per household.

CBS News on MSN · 1d

Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

1hon MSN

CFPB sued for trying to regulate digital payment apps more like banks

NetChoice and TechNet are challenging the bureau’s effort to oversee compliance with federal fraud and privacy laws by Apple ...

2don MSN

Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly

Elon Musk, Trump’s new presidential advisor, tweeted in early November “Delete CFPB. There are too many duplicative ...

CFPB re-establishes regulatory sandbox, no-action letter programs

In an effort to foster innovation in financial services, the CFPB is reinstituting its programs that allow companies to obtain regulatory safe ...

American Banker18h

Trump team eyes hiring freeze, regulatory rollbacks for CFPB

The incoming Trump administration's 'agency review team' has landed and is expected to name an acting director of the ...

5h

Tech Trade Groups Sue to Block CFPB Rule Targeting Apple, Google

A pair of trade groups representing Meta Platforms Inc., Apple Inc., and Google parent Alphabet Inc. sued to block a Consumer ...

CFPB Issues a Roadmap for States Days Before Trump Takes Office

As the Consumer Financial Protection Bureau (CFPB or Bureau) anticipates a shift in its leadership with the incoming administration of ...

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