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Cash App's parent company Block must pay up to $175 million after a CFPB crackdown on fraudulent transaction handling.

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Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on ...

The Consumer Financial Protection Bureau is also requiring Cash App to make up to $120 million in total redress payments to its customers.

Block, based in Oakland, was ordered Thursday to pay out at least $75 million to customers who had bad service experiences ...

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