Presidents Day is on Monday, Feb. 17, giving some employees and students the day off, while others will head in to work on the federal holiday. Grocery stores, retail stores and restaurants will largely remain open on the holiday, but that will not be the case for banks, post offices, government offices and the stock…
Cash App users may receive a refund from the mobile banking platform after a government group ordered the company to pay out $175 million for its weak security procedures. The Consumer Financial Protection Bureau, which oversees consumer financial protections, ordered Cash App’s parent company Block to refund users $120 million. The order also indicates it…
The Consumer Financial Protection Bureau has ordered Block, Cash App’s parent company, to pay $120 million to Cash App users and $55 million to its victim relief fund. The Consumer Financial Protection Bureau claims Block failed to investigate transaction disputes, “tricked” users through its Terms of Service and failed to provide effective customer service. Block…
On Wednesday, all signs point to the Fed ending the inflation fight it started 30 months ago. Back then, the unemployment rate was historically low, job growth was strong and companies had more openings to fill than people to fill them. Today, unemployment stands at its 10-year average, and there are fewer jobs to go…