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FTC Examines Block After Complaints About Frozen Accounts

The agency is examining whether the company provided sufficient consumer protections.

Payment card and smartphone resting behind a security barrier / TokenPost.ai
Payment card and smartphone resting behind a security barrier / TokenPost.ai

The Federal Trade Commission is examining whether Block, the parent company of Cash App and Square, violated consumer protection laws after complaints about frozen accounts.

The agency has begun investigating whether Block provided sufficient consumer protections.

Block is the parent company of both financial services platforms.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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