Block Inc – MOSAEC

Cash App Ordered to Pay $255 Million in Penalties Over Fraud

The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.

By Rob Copeland

Block Inc Cash App (Mobile App) Compensation for Damages (Law) Computer Security Mobile Commerce and Payments United States

Cash App Users May Claim Up to $2,500 in Data Breach Settlement

A proposed $15 million settlement stipulates that account holders can file for losses related to breaches disclosed in 2022 and 2023. A deadline looms for those claims.

By Christine Hauser

Banking and Financial Institutions Block Inc Cash App Computers and the Internet Consumer Financial Protection Bureau E-Commerce Google Inc Mobile Applications Mobile Commerce and Payments PayPal Regulation and Deregulation of Industry Venmo

CFPB Moves to Expand Oversight of Digital Payment Apps

A proposed new rule would subject Google, Apple, PayPal and other digital wallet providers to the same scrutiny banks face.

By Stacy Cowley

Banking and Financial Institutions Block Inc Carlson, Tucker Colbert, Stephen Dominion Voting Systems Corp Dorsey, Jack Duolingo Federal Reserve System Federal Trade Commission First Republic Bank Fox News Channel Goldman Sachs Group Inc Herbalife Ltd Hindenburg Research Icahn Enterprises L P Icahn, Carl C Jefferies Group Inc JPMorgan Chase & Company Loeb, Daniel S McCarthy, Kevin (1965- ) Narasimhan, Laxman NVIDIA Corporation Pearson PLC Powell, Jerome H Rosensweig, Dan Schultz, Howard D Silicon Valley Bank Starbucks Corporation Trump, Donald J WACHTELL LIPTON ROSEN & KATZ Warren, Elizabeth

Markets Expect Fed to Raise Rates Despite Bank Turmoil

A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

mosaec