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Engadget

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

Engadget
Summary
Nutrition label

81% Informative

The Consumer Financial Protection Bureau is fining Block , the creator of Cash App , and parent company of Square Square .

The CFPB says Block relied on "shoddy investigation practices" to close reports of unauthorized transactions in the company's favor.

Cash App's Terms of Service at one point claimed that any bank linked to an account was responsible for addressing disputes around fraudulent charges.

VR Score

82

Informative language

80

Neutral language

58

Article tone

semi-formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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