The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...

The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...

A lawsuit filed by the CFPB says Zelle and the big banks that own it left the platform vulnerable to fraud in an effort to rush it to market to compete with Venmo and Cash App More than $481 ...

The Consumer Financial Protection Bureau says Cash App did not provide an in-person helpline, a failure that scammers were ...

According to the lawsuit, the banks behind Zelle, including the three named, rushed the service to market to compete with rivals like Venmo and Cash App without adequately protecting consumers.

If you’ve been charged unexpected cash advance fees on Venmo or Zelle, you may qualify for a class action lawsuit. Learn more now.

like Venmo and Cash App, without implementing effective safeguards. “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” CFPB Director ...

The U.S. Consumer Financial Protection Bureau sued three of the nation’s largest banks over fraud on Zelle, saying they exploited users’ expectations of security to get them to sign up for the ...