Block XYZ.N will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services regulator that it failed to adequately police and stop money laundering ...

Square and Cash App parent Block Inc. announced late Thursday its Square Financial Services Inc. industrial bank has received approval from the Federal Deposit Insurance Corp. to make consumer loans ...

Then, on May 1, 2024, NBC News reported that federal prosecutors were investigating Block due to allegations by a former employee that the Company had engaged in widespread and years-long compliance ...