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(Reuters) – The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty tied to the operations of its peer-to-peer payments network CashApp.
The order includes a redress to consumers of up to $120 million and a penalty of $55 million into the CFPB’s victims relief fund.
(Reporting by Manya Saini in Bengaluru; Editing by Tasim Zahid)
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