Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.
Each state will receive $1.6 million from the settlement, according to the R.I. Department of Business Regulation.
Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to ...
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...