Data and AI in court

433 active cases · 9 dates ahead

CFPB: Block, Cash App fraud handling consumer protection case

Regulator

Consumer Financial Protection Bureau

acted against

The CFPB found Block used weak security for Cash App and failed to properly investigate and resolve disputes over unauthorized transactions.

The case

Regulator
US Consumer Financial Protection Bureau
Decided
Jan 16, 2025
Status
Settled
Outcome
The CFPB ordered Block to provide up to USD 120 million in consumer redress and pay a USD 55 million penalty.
Amount
$175 million

History

1 dated entry
DecisionJan 16, 2025 · 22mo agoCFPB: Block, Cash App fraud handlingSource
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