Cash App parent company Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering. The company, which ...

Nevada and 47 other states will share an $80 million settlement to be paid by Cash App parent company Block. The settlement was announced by the Nevada Department of Business and Industry on Thursday.

Block Inc., developer of the popular Cash App digital wallet, agreed to pay $80 million for violating money-laundering and other regulations, the Maine Bureau of Consumer Credit Protection ...

In case you missed it: Cash App's parent company ordered to pay $175M for weak security procedures, feds say Block agreed in January to pay an $80 million civil fine to settle similar charges by ...

Washington, D.C., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Washington, D.C.— In a coordinated enforcement action by 48 state financial regulators, Block, Inc. will pay an $80 million fine and undertake ...

Cash App is accused of “allow[ing] fraud to proliferate” by the CFPB and has been ordered to pay settlements totaling $255 million to state and federal regulators.

Cash App will pay $80 million in fines to the states, up to $120 million to fraud victims and $55 million to the consumer bureau. Federal authorities also imposed new requirements for Cash App ...

Separately, state regulators on Wednesday ordered Cash App's owner Block to pay $80 million for anti-money laundering law violations. Stay informed. Sign up for The Daily Consumer.

To be eligible for a payment, someone must have been a user of Cash App or Cash App Investing whose information was accessed without permission or who had unauthorized or fraudulent withdrawals or ...

Cash App gross profit came in at $1.38 billion, an increase of 10% year over year, but still below Block's internal expectations. ... Net income tallied $190 million, or 30 cents per diluted share, ...