The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million penalty to the CFPB's victim relief fund. Block agreed to the settlement but disagreed with the CFPB's characterizations of the company's actions.

Key Takeaways The Consumer Financial Protection Bureau has fined popular peer-to-peer payment platform Cash App for failing to protect customers from fraud and failing to investigate fraud complaints.

"Women LOVE when you pay attention to this." Sen. Sheldon Whitehouse (D-R.I.) said statements in President Biden’s farewell speech came much too late in a Thursday statement, raising question with the commander in chief’s parting remarks.