CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers (Leo Schwartz/Fortune)

Leo Schwartz / Fortune:
CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers  —  Jack Dorsey, cofounder and head of Block  —  On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement …

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