FDIC, Cash App and Borrow

Block Subsidiary Secures FDIC Approval for Cash App Borrow Loans
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the US Federal Deposit Insurance Corp. to begin offering consumer loans directly through its Cash App Borrow product.
Block Gets the FDIC’s OK To Take Consumer Cash App Borrow Loans In-house
Cash App Borrow has a “historic loss rate” of less than 3%, according to Block. Customer eligibility and borrowing limits are based on such factors as customers’ state of residence, Cash App product usage and activity, and on-time repayment history, Block says.
Square Financial Services gains FDIC approval for Cash App Borrow loans
Eligibility for Cash App Borrow loans is determined by various factors, including state of residence, Cash App usage, and repayment history.
A Loan Shark in Your Pocket: Cellphone Cash-Advance Apps
Fast-Growing App Usage Leaves Many Consumers Worse OffMany Americans continue to find it challenging to keep up with the rising cost of living. Despite economic reports attesting to a growing broad economy,
Square Financial receives FDIC approval for Cash App Borrow
Block (XYZ) announced its industrial bank, Square Financial Services, has received approval from the Federal Deposit Insurance Corporation to
Square Financial Services, Inc. Receives FDIC Approval to Offer Consumer Loan Product Cash App Borrow
DISTRIBUTED-WORK-MODEL/SAN FRANCISCO & SALT LAKE CITY, March 13, 2025--Today, Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow.
Block's industrial bank gets FDIC approval to offer Cash App Borrow feature
Square Financial Services, Inc., the industrial bank of Block (XYZ), is expanding its lending capabilities after receiving approval from the Federal Deposit Insurance Corp. to start offering consumer loan product Cash App Borrow.
Block Receives FDIC Approval for Small, Short-Term Loan Product
Block received approval from the Federal Deposit Insurance Corp. to offer a consumer loan product that is designed to provide consumers with short-term cash flows. Under the program, Cash App Borrow,
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EarnIn App Review 2025
The app connects with a user’s bank account, tracks work hours using timesheets or GPS and then sends a cash advance within three days². EarnIn doesn’t collect any mandatory fees² ...
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Kenyan loan app fined $2,000 for adding guarantor without consent and harassment
The ruling comes amid a heap of regulatory measures on Kenyan loan apps for their abusive debt collection initiatives and mishandling of customers’ data.
zavvie Launches HomeFAI: AI-Powered Alternative Financing System Brings Speed and Cash to Win More Deals
BOULDER, Colo., March 12, 2025 (GLOBE NEWSWIRE) -- zavvie, a leading fintech company bringing liquidity to residential real ...