Block subsidiary secures FDIC approval for Cash App Borrow loans
Cash App approached $9B in originations in 2024
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the U.S. Federal Deposit Insurance Corp. to begin offering consumer loans directly through its Cash App Borrow product. Consumer loans were offered earlier through external partner First Electronic Bank. Cash App saw nearly $9 billion in originations in 2024, the San Francisco-based […]
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