Block, the parent company of Cash App, has agreed to pay $45 million and improve its fraud prevention and customer support to ...

Block will pay $45m to 46 US states over Cash App fraud handling, as state regulators move into ground the weakened CFPB has vacated.

This issue extends far beyond banks. Consumer fraud and scams pose increasing risks to the financial system as noted in the Financial Stability Oversight Council (FSOC) 2025 annual report, which ...