
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Block must refund consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund, according to a Thursday (Jan. 16) press release. “Block employed weak security protocols for Cash App […]
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