Get the latest tech news
Cash App fined $255 million in back-to-back settlements
Most of it is going to Cash App’s customers.
By Mia Sato, platforms and communities reporter with five years of experience covering the companies that shape technology and the people who use their tools. According to the bureau, Cash App’s weak security measures put consumers at risk and made it difficult for users to get help after experiencing fraud on the platform. This week, NetChoice and TechNet sued to challenge the CFPB’s handling of such platforms like banks, calling it an “unlawful power grab.” Google filed a similar suit in December.
Or read this on The Verge
/cdn.vox-cdn.com/uploads/chorus_asset/file/24533980/STK417_banking_money_1.jpg)