US state regulators fine Block Inc $80 million for insufficient money laundering controls
Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering through its mobile payment service,
CFPB fines Block $175m over Cash App's lax fraud controls
Per the CFPB, Cash App's Terms of Service at one point claimed that any bank linked to an account for transferring funds was responsible for addressing disputes around fraudulent charges, something that's not generally true under the Electronic Fund Transfer Act.
Block, Inc. faces a joint crackdown by the DCCA and 47 states for BSA/AML violations, incurring an $80 million penalty and ...
A group of House Democrats is pushing to block President-elect Donald Trump from being able to impose his sweeping plan for ...
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...
Oregon and 47 states settled with Block Inc. for BSA/AML violations, imposing an $80 million penalty and requiring an ...
An Altadena resident captured a stunning video showing his home as the only one left standing following the devastating Eaton ...
James Faucette, an analyst from Morgan Stanley, maintained the Sell rating on Block (SQ – Research Report). The associated price target remains ...
A group representing major automakers on Friday said it filed lawsuit to block a landmark rule from the administration of ...
A judge is hearing arguments Friday on whether members of Congress will be permitted to view Jack Smith's final report on ...
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