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CFPB orders Cash App operator to pay over $175 million to settle EFTA claims
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Consumer Protection, Nonbank Financial
Tuesday, January 28, 2025
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The Consumer Financial Protection Bureau ordered the operator of Cash App to pay up to $175 million in refunds and penalties for its alleged failure to properly investigate and resolve disputes involving unauthorized transactions. The bureau claimed the fintech used fine print and automated messages to delay and hinder complaint resolution.
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