In one instance cited in the agency's consent order, Cash App instructed a customer who reported an unauthorized debit card to contact the person's bank, shirking its statutory duty to investigate ...
Cash App earned its reputation as a top money transfer app, but it has added more traditional banking features, including a high-yield savings account (HYSA) and VISA-branded debit card ...
The Consumer Financial Protection Bureau has ordered Block, Cash App's parent company, to pay $120 million to Cash App users and $55 million to its victim relief fund. The Consumer Financial ...
Additionally, Cash App offers personal finance management tools, investment options in stocks and Bitcoin, and a debit card called the ‘Cash Card’ that allows users to spend their Cash App ...
including one roadblock where the company listed a phone number on the back of the Cash App card and in the terms of agreement that only connected customers to a recorded message. Consumers who ...
The parent company of mobile banking platform Cash App has been ordered to pay $175 million to users due to weak security procedures, a federal agency says. The Consumer Financial Protection ...