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Square Financial Services Obtains FDIC Approval to Offer Consumer Loan Product Cash App Borrow

DATE POSTED:March 18, 2025
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... Read More