In her decision, U.S. Magistrate Judge Sallie Kim said the regulatory agency’s request was not “unduly burdensome.” Block is run by Twitter founder Jack Dorsey, who said the company is “working to comply with the requests and that no court intervention was required.”
Estimated reading time: 0 minutes, 25 seconds
Judge: Block Inc Must Comply with Regulators Request for Documents
Block Inc has been ordered to comply with a request for information from the U.S. Consumer Financial Protection Bureau regarding how the company handles complaints related to its Cash App platform. So reports Reuters.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-