The union representing Consumer Financial Protection Bureau employees says that a deferred resignation proposal from the ...

The Consumer Financial Protection Bureau fined Cash App and its parent company, Block, $175 million Thursday for how it handled customer fraud complaints ... said CFPB Director Rohit Chopra.

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in ...

"When things went wrong, Cash App flouted its responsibilities and even burdened local banks with problems that the company caused," said CFPB Director Rohit Chopra. In response, Block said the ...

The CFPB failed to show that digital payment companies subject to the agency’s “larger participant” rule posed a risk to consumers as required under the 2010 Dodd-Frank Act, TechNet and NetChoice LLC ...

The CFPB alleged that Block's (NYSE:SQ) Cash App had closed cases of reported fraud without opening a legally required investigation. Block allegedly directed users who incurred financial losses ...

NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively ... According to the complaint filed in Washington, D.C., federal court, "The bureau failed to show what ...

The trade groups also said the CFPB identified no consumer risks or ... and more than 13 billion overall. According to the complaint filed in Washington, D.C., federal court, "The bureau failed ...

Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and ...

The CFPB said law requires Cash App to investigate and resolve disputes of unauthorized transactions, but the investigations were "woefully incomplete." Cash App allegedly directed fraud victims ...

The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.