Jack Dorsey’s Block Seeks to Turn Cash App into Primary Banking Platform
Key Highlights: Block substantially increased its legal reserve to $526 million in August as settlement discussions continue with the U.S. Department of Justice. To address scrutiny surrounding customer support and fraud prevention, Block is scaling Cash App’s services, adding personal loans, savings accounts, buy-now-pay-later options, and trading features. Jack Dorsey’s fintech company applied to the ...