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,
Block agrees to pay $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
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
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.
Cash App parent fined up to $175 million for 'woefully incomplete' response to fraud
The Consumer Financial Protection Bureau ordered Cash App (SQ) operator Block to pay a total of up to $175 million for failing to address fraud on the mobile payment network.
Cash App operator Block to pay $175 million for fraud failures
Today, the Consumer Financial Protection Bureau (CFPB) imposed a penalty on Block, the operator of the Cash App, for its failure to effectively address fraud on its platform. The company has been ordered to pay a total of $175 million,
American Express to Pay $230 Million in Fines for Aggressive Sales Practices
The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small ...
Train firms urged to give 'yellow cards' instead of fines
Rail watchdog Transport Focus wants passengers to be issued a warning and have their names taken and recorded on a digital ...
The DOT sues Southwest and fines Frontier
Yesterday, the United States and U.S. Department of Transportation (DOT) disclosed a lawsuit against Southwest Airlines, ...
Cash App Owner Hit With Fines in Back-to-Back Settlements
Block Inc. was fined by dozens of state regulators and then ordered by the Consumer Financial Protection Bureau to refund ...
EU auto sector urges relief from emission fines ahead of formal dialogue
Mercedes-Benz CEO Ola Kaellenius urged the European Commission on Thursday to recognise that subdued electric vehicle sales ...
US government sues Southwest Airlines and fines Frontier for chronically delayed flights
The Transportation Department is taking legal action against Southwest, alleging the airline illegally operated persistently ...
U.S. sues Southwest, fines Frontier over 'chronically' delayed flights
The U.S. Transportation Department is suing Southwest Airlines and has fined Frontier Airlines over "chronically" delayed ...
About 5% of council's faulty parking fines refunded
About 5% of thousands of incorrectly issued parking fines by a council have so far been refunded. Reading Borough Council ...
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DOT Sues Southwest, Fines Frontier Over Chronic Delays
DOT Sues Southwest, Fines Frontier Over Chronic Delays is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership. Already a ...
Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted ...