cash app, CFPB

CashApp Fined $175 Million for Not Stopping Fraud. Find Out if You're Eligible for a Payment
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million penalty to the CFPB's victim relief fund. Block agreed to the settlement but disagreed with the CFPB's characterizations of the company's actions.
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.
CFPB fines Block $175m over Cash App's lax fraud controls
The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" and a $55 million fine for how the company handled fraud on its payment platform.
Block fined over weak Cash App security controls
According to CFPB, Block's security protocols for Cash App were insufficient, exposing users to potential fraud.
US consumer finance watchdog fines payments firm Block over Cash App operations
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. The regulator said Block,
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.
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings ...
CFPB fines Equifax $15 million for errors on credit reports
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes.
Medical debt to be stripped from credit reports by federal rule. What to know
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
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CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...
Independent gov agency sues Experian for ‘sham investigations of credit report errors'
The CFPB sued Experian, accusing the credit reporting bureau of violating “The Fair Credit Reporting Act” by not taking the ...
American Banker9d
Debt collectors sue the CFPB for 'overreach' on medical debt
But the debt collectors' complaint goes further, alleging the CFPB is violating the First Amendment by preventing "the communication of accurate information without a legitimate state interest." ...
AOL11d
CFPB sues Experian over ‘sham’ credit report investigations that harm consumers : “What more can I do?”
In a move that could have significant implications for consumers and the credit reporting industry, the Consumer Financial Protection Bureau (CFPB) has taken legal action against Experian ...
Law4d
CFPB Proposes Rule to Regulate Data Brokers Selling Sensitive Information
The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that ... argue that restricting certain data could hinder legitimate activities like fraud detection or law enforcement ...