Block Faces CFPB Investigation Over Cash App Fraud Policies
Federal regulators are investigating Jack Dorsey’s Block Inc. over how Cash App handles customer fraud disputes and refund policies.
Federal regulators are investigating Jack Dorsey’s Block Inc. over how Cash App handles customer fraud disputes and refund policies.
Under pressure from the CFPB, Cash App is preparing for strict new rules that will force digital wallets to reimburse victims of peer-to-peer scams.