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International Business Times
International Business Times
Carla St. Louis

Cash App Owner Hit With Over $100M Fine For Fraud And Customer Service Issues

Cash App (Credit: Cash App)

The U.S. Consumer Financial Protection Bureau is ordering Block, Inc., the parent company of Cash App, to pay up to $120 million to consumers and $55 in civil penalties for unfair and deceptive practices for customers.

The CFPB found that Block, which is owned by Twitter founder, Jack Dorsey, failed to give adequate customer service–including the absence of live telephone agents–for customers to get help for issues with the app.

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