Block

Square Financial Services to Service and Originate Cash App Borrow Loans

Square Financial Services to Service and Originate Cash App Borrow Loans
Square Financial Services to Service and Originate Cash App Borrow Loans
March 13, 2025  |  Consumer Finance

Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the...

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Platforms Use Cards and Deposits to Become Alternatives to Traditional Banks
Platforms Use Cards and Deposits to Become Alternatives to Traditional Banks
February 24, 2025  |  Alternative Credit

FinTechs — especially platforms — are capitalizing on the continued buildout of digital solutions and products, including cards, to give consumers an alternative to traditional...

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CE 100 Index Slumps 4.3% as Fiverr and Block Plummet After Earnings Reports
CE 100 Index Slumps 4.3% as Fiverr and Block Plummet After Earnings Reports
February 24, 2025  |  Connected Economy

The CE100 Index’s slide far outpaced the drops seen this past holiday-shortened trading week across the broader markets.  Earnings weighed on stock trading, as all...

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Block Doubles Down on Banking Base as FinTech Competition Grows
Block Doubles Down on Banking Base as FinTech Competition Grows
February 20, 2025  |  Earnings

Jack Dorsey is no stranger to playing the long game. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Regulations Are On Hold. Does That Mean More FinTechs Will Look to Become Neobanks?
Regulations Are On Hold. Does That Mean More FinTechs Will Look to Become Neobanks?
February 18, 2025  |  Banking

The neobank model has, through the past several years, taken two paths as FinTechs bring accounts, cards and other digital-first financial offerings to customers. Get...

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CE 100 Index Gains 2.1% as AI Excitement Leads Infrastructure Companies Higher
CE 100 Index Gains 2.1% as AI Excitement Leads Infrastructure Companies Higher
January 27, 2025  |  Connected Economy

The debut of the new presidential administration, the prospect of AI-friendly regulations and related infrastructure investments — and a planned investment of up to $500...

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CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Get the Full Story Complete the form...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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CE 100 Index Gives Up 2.2% as MongoDB and Adobe Slip on Earnings
CE 100 Index Gives Up 2.2% as MongoDB and Adobe Slip on Earnings
December 16, 2024  |  Connected Economy

What goes up must come down — and after three straight weeks of rallies, the CE 100 wound up snapping a long streak of wins,...

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