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Block ‘Slow Walking’ Cash App Probe, Consumer Watchdog Says

Jack Dorsey

Jack Dorsey

Photographer: Joe Raedle/Getty Images
Updated on

The Consumer Financial Protection Bureau asked a federal judge to force Block Inc. to fully comply with a pair of investigative demands related to its Cash App payments tool.

The CFPB’s petition, filed Thursday, urged the US District Court for the Northern District of California to enforce a civil investigative demand. Block, the digital payments company led by CEO Jack Dorsey, has yet to provide all of the documents and data the CFPB requested in August 2020 and August 2021, the consumer finance industry regulator alleged in its petition.