FDIC, Cash App and Borrow

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.
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.
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.
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
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. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt Lake City, Utah.
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,
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.
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Block Stock Soars 6% On FDIC Nod For SFS’ Consumer Loan Product Ignoring Citi’s Price Target Cut — Retail Remains Neutral
Shares of financial services company Block Inc (XYZ) soared over 6% on Friday after the Federal Deposit Insurance Corporation ...
Block bets on lending expansion after stock slump
Block is expanding its lending efforts, announcing this week that it received FDIC approval to issue loans through its ...
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Cash App Review
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Block Stock Sinks on Lackluster Growth. Is It Time to Buy on the Dip?
Shares of Block ( XYZ 1.59%) were tumbling after the fintech company reported weaker-than-expected Q4 results that missed analyst expectations. The big drop now leaves the company down more than 20% ...