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CFPB fines Block $175m over Cash App's lax fraud controls

The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" and a $55 million fine for how the company handled fraud on its payment platform.<br /> Per the CFPB, Cash App's Terms of Service at one point claimed that any bank linked to an account for transferring funds was responsible for addressing disputes around fraudulent charges, something that's not generally true under the Electronic Fund Transfer Act. Block would use that claim to avoid assuming responsibility, and when it would investigate a complaint, it relied on "intentionally shoddy investigation practices to close reports of unauthorized transactions in the company†[...]

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ExpressVPN review 2025: Fast speeds and a low learning curve

ExpressVPN is good at its job. It's easy to be skeptical of any service with a knack for self-promotion, but don't let ExpressVPN's hype distract you from the fact that it keeps its fro [...]

Match Score: 193.35

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NordVPN Review 2025: Innovative features, a few missteps

When we say that NordVPN is a good VPN that's not quite great, it's important to put that in perspective. Building a good VPN is hard, as evidenced by all the shovelware VPNs flooding the ma [...]

Match Score: 193.15

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Surfshark VPN review: A fast VPN for casual users

Surfshark is one of the youngest major VPNs, but it's grown rapidly over the last seven years. Since 2018, it's expanded its network to 100 countries, added a suite of apps to its Surfshark [...]

Match Score: 186.38

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Proton VPN review 2025: A nonprofit service with premium performance

Proton VPN stands out for two main reasons: it's one of the only virtual private networks (VPNs) to include a free plan with no data limits, and it's one of the few services majority-owned b [...]

Match Score: 174.82

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CFPB drops Zelle lawsuit in latest reversal under Trump administration

The Consumer Financial Protection Bureau has dropped its lawsuit over peer-to-peer payment system Zelle, the latest in a series of dismissals from this department under President Donald Trump's a [...]

Match Score: 134.25

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Cash App opens up to Apple Pay and Google Pay with a group payment option

Cash App has debuted a new group payment feature that allows folks who don't even use the app to contribute to a kitty. Pools enables Cash App users to invite folks to chip in for a large purchas [...]

Match Score: 127.75

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The Consumer Financial Protection Bureau has cut 90 percent of its employees

The Consumer Financial Protection Bureau has been reduced to a skeleton crew. The department, which was created to oversee banks and financial institutions, has cut about 1,500 jobs, leaving about 200 [...]

Match Score: 122.28

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Block introduces Managerbot, a proactive Square AI agent and the clearest proof point yet for Jack Dorsey’s AI bet

Block today announced Managerbot, a new AI agent embedded in the Square platform that proactively monitors a seller's business, identifies emerging problems, and proposes actionable solutions — [...]

Match Score: 110.10

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The Morning After: Will the US imported car tariffs work?

The US will append a 25 percent tariff on top of any existing tariffs on all cars produced outside its borders. Additional fees will be imposed on imported components too like engines, transmissions, [...]

Match Score: 98.53