Cash App to Pay Up to $175 Million in Federal Settlement
By Marge Farrington | Published 2026-08-19T17:46:18.492Z
Business
Business News -- August 19, 2026: Block, Inc., the technology company operating Cash App, has entered into a formal consent order with the Consumer Financial Protecton Bureau.
Business News -- August 19, 2026: Block, Inc., the technology company operating Cash App, has entered into a formal consent order with the Consumer Financial Protection Bureau (CFPB) to resolve regulatory allegations concerning its historical customer service operations, dispute processing, and account lockouts without admitting or denying wrongdoing. Under the administrative settlement finalized on January 16, 2025, the peer-to-peer convenience application agreed to provide up to $120 million i