Fri, January 17, 2025
[ Fri, Jan 17th ]: Forbes
Game-Changing SBA Updates Every Business Owner Should Know
[ Fri, Jan 17th ]: Reuters
ECB should not rush rate cuts, Nagel says
[ Fri, Jan 17th ]: UCL
UCL enhances business education offer in heart of London
[ Fri, Jan 17th ]: AOL
LeBron James' business partner is raising $5 billion for a basketball league to rival the NBA
[ Fri, Jan 17th ]: Moneyweb
South African lawmakers to quiz banks over lending practices
[ Fri, Jan 17th ]: AOL
The Best AI Stocks to Invest $500 in This Year
[ Fri, Jan 17th ]: AOL
Here's how L.A. homeowners impacted by the wildfires can request mortgage relief
[ Fri, Jan 17th ]: briefly
Who is Arrie Rautenbach? Get to know the South African businessman
[ Fri, Jan 17th ]: Tuko
World Bank Announces Internship Programme Paying Hourly Salary, KSh 388k Commuter Allowance
[ Fri, Jan 17th ]: MSN
Goldman Sachs' SWOT analysis: stock outlook amid investment banking rebound
[ Fri, Jan 17th ]: MSN
'Trump tax' a worry that requires unified Canadian response, Houston says
[ Fri, Jan 17th ]: MSN
AI in 2025: Custom solutions and autonomous agents lead the way
[ Fri, Jan 17th ]: blogTO
Toronto is hiring for a ton of jobs right now and many pay over $100K
[ Fri, Jan 17th ]: MSN
Oakland FBI investigation: Ex-Mayor Sheng Thao indicted amid sprawling public corruption inquiry
[ Fri, Jan 17th ]: sinchew
Global finance leaders set tone for 2025 at the Asian Financial Forum
Thu, January 16, 2025
[ Thu, Jan 16th ]: unite
The Rise of Agentic AI: A Look Back at 2024 and Predictions for 2025
[ Thu, Jan 16th ]: AOL
Bankruptcy Filings Jumped in 2024: Are You at Risk of Filing?
[ Thu, Jan 16th ]: Kiplinger
Taiwan Semiconductor Earnings Fuel a Rally in Chip Stocks
[ Thu, Jan 16th ]: CNET
ExpressVPN Identity Defender Review: Great VPN, Basic ID Theft Protection
[ Thu, Jan 16th ]: AOL
Massive new Trump tariffs are looming. Here's how these import 'taxes' work and who pays for them
[ Thu, Jan 16th ]: Kiplinger
Seven Tips to Land Your First Client as a Financial Adviser or Entrepreneur
[ Thu, Jan 16th ]: Forbes
Investing In Women: A Strategic Imperative For Diverse And Profitable Venture Capital
[ Thu, Jan 16th ]: Kiplinger
Asset Protection for Affluent Retirees in 2025
[ Thu, Jan 16th ]: Forbes
Made In America: 5 Strategies To Respond To Potential Tariffs
[ Thu, Jan 16th ]: Reuters
M&T Bank fourth-quarter profit jumps 41% on higher fee income
[ Thu, Jan 16th ]: Kiplinger
A Strategic Way to Address the Tax-Deferred Disconnect
[ Thu, Jan 16th ]: timesnownews
UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants
[ Thu, Jan 16th ]: MSN
US Firm Behind Adani Scandal Investigation Announces Closure
[ Thu, Jan 16th ]: Reuters
Bank CEOs expect Trump bump to business as profits surge
[ Thu, Jan 16th ]: MSN
THIS man married an actress who made her debut wi .. kh Khan and has net worth Rs 110 crore, she is...
[ Thu, Jan 16th ]: MSN
Why is Apple replacing Goldman Sachs as its credit card partner?
[ Thu, Jan 16th ]: TechRadar
Identifying the evolving security threats to AI models
[ Thu, Jan 16th ]: NDTV
The Difference Between Interim Budget And Full Budget
[ Thu, Jan 16th ]: Forbes
Five Web3 Trends To Watch In 2025: AI, DePINs, RWAs And Beyond
[ Thu, Jan 16th ]: sinchew
HKPC "ForeSight 2025" Explores Economic Future and Champions Sustainable Development in Hong Kong
[ Thu, Jan 16th ]: cnbctv18
Budget 2025 Expectations LIVE Updates: Key expect .. ster Nirmala Sitharaman's February 1 presentation
[ Thu, Jan 16th ]: Reuters
Indian central bank's daily liquidity infusion to aid money markets, traders say
Wed, January 15, 2025
[ Wed, Jan 15th ]: YourTango
People Who Master These 10 Challenges Almost Always End Up In Jobs They Love
[ Wed, Jan 15th ]: Forbes
Why Digitization Will Transform The Small Business Economy Under Trump
[ Wed, Jan 15th ]: Reuters
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
[ Wed, Jan 15th ]: Reuters
JPMorgan earns biggest-ever annual profit as investment bankers ride rebound
[ Wed, Jan 15th ]: Reuters
BNY quarterly profit beats estimates on higher fee income boost; shares jump
[ Wed, Jan 15th ]: Forbes
The Future Of Finance: 2025 Is Calling
[ Wed, Jan 15th ]: MSN
Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter
[ Wed, Jan 15th ]: Investopedia
Wondering if a College Degree Pays Off? See How It Affects Lifetime Income
[ Wed, Jan 15th ]: MSN
Yum! Brands appoints Scott Mezvinsky as KFC Division CEO
[ Wed, Jan 15th ]: MSN
Economists explore ways to mitigate recession-induced job loss impacts
[ Wed, Jan 15th ]: Newsroom
Taxing charities' business income would have 'devastating' impact on communities

US consumer finance watchdog fines payments firm Block over Cash App operations

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ayments-firm-block-over-cash-app-operations.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App.
The U.S. Consumer Financial Protection Bureau (CFPB) has ordered Block Inc.'s payment processing unit, Block, to pay $175 million in fines and consumer redress for various violations. The CFPB found that Block had processed transactions for entities involved in fraudulent activities, including illegal online payday lenders and fraudulent debt collectors, without adequately monitoring or preventing such activities. Additionally, Block was accused of withholding information from banks about high-risk clients, which facilitated the processing of illegal transactions. The fine includes $145 million for consumer redress and a $30 million penalty. Block, formerly known as Square, has agreed to the order without admitting or denying the allegations. This action marks one of the largest penalties ever imposed by the CFPB, highlighting significant issues in the payment processing industry's oversight of client activities.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/us-consumer-finance-watchdog-orders-payments-firm-block-pay-175-million-2025-01-16/ ]